Commercial Sale · Retail
501 NE 31st St # 1, Miami FL 33137, MIAMI, FL, 33137
Active67 days on marketListed Jun 6, 2026MLS #A12032472
About this property
The property at a glance
Exceptional opportunity to own a premier two-story commercial space in the heart of Edgewater at Paraiso Bayviews. This unique corner unit offers 7,108 SF across two levels, with 3,554 SF per floor, featuring the largest glass frontages in the building and one of the largest in the area, dramatic double-height exposure, a private elevator, and 11 dedicated parking spaces. Delivered in vanilla box condition, the property provides complete flexibility to customize the space for retail, medical, wellness, office, showroom, educational, restaurant, or professional uses. Located in one of Miami's fastest-growing neighborhoods, the property benefits from outstanding visibility, strong pedestrian and vehicle traffic, and immediate access to Midtown, the Design District, Wynwood, Downtown Miami, and Biscayne Boulevard. Ideal for owner-users seeking a flagship location or investors looking for a high-profile asset with flexible leasing potential. Seller financing available, a rare and highly valuable opportunity. Available as a full two-story commercial unit totaling 7,108 SF.
7,108
Building sq ft
$760
Price / sq ft
7,108
Lot sq ft
2018
Year built
4604
Zoning
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$29,392/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
19,496
Population
$117,257
Median income
35
Median age
2
Avg household
$420,344
Median home value
$2,485/mo
Median rent
1,579
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Looking good and reaching fitness goals is all about discipline: Eat right. Work hard. No excuses. This population is more likely to view working out as a means to an end.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near 501 NE 31st St # 1
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$50
3438 N Miami Ave, Miami FL 33127
Sold Oct 13, 2025
$2,110,000
1707 SW 5th St, Miami FL 33136
Sold Apr 4, 2025
$610,000
1701 Sunset Harbor Dr # S206, Miami Beach FL 33139
Sold Aug 15, 2024
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 501 NE 31st St # 1 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 501 NE 31st St # 1.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of Lumer Real Estate · Marcela Duarte. MLS #A12032472.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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