Miami Shores, FL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Miami Shores, Florida Market population: 11K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Miami Shores FL Properties: 1.2400%

📊 Average Income For Miami Shores FL Commercial Property: $81,696

Investor Questions For Miami Shores FL

Common questions from investors exploring commercial real estate in Miami Shores FL.

What is the overall investment outlook for Miami Shores, FL? +

Miami Shores presents a stable investment market, with a median household income of $81,696 and a relatively low poverty rate of 6.5%, indicating a strong and reliable tenant base. The high health insurance coverage rate of 90.7% and short average commute time of 24.8 minutes also suggest a desirable quality of life for residents. Additionally, the top industries, including Manufacturing and Finance & Insurance, provide a diverse economic foundation.

How does the demographic diversity of Miami Shores impact real estate investment? +

The demographic diversity of Miami Shores, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant and inclusive community, which can attract a wide range of tenants and buyers. The foreign-born rate of 34.6% also indicates a culturally rich environment, potentially supporting demand for housing. Furthermore, the median age of 39.5 and high homeownership rate of 87.1% suggest a stable and family-oriented community.

What are the key factors influencing property values in Miami Shores? +

The median property value of $359,600 in Miami Shores is influenced by several factors, including the low poverty rate of 6.5%, high median household income of $81,696, and the desirable quality of life indicated by the short average commute time of 24.8 minutes. The top industries, such as Manufacturing and Finance & Insurance, also contribute to the local economy's stability and growth, potentially driving up property values. Moreover, the GINI coefficient of 0.442 suggests a relatively balanced income distribution, which can support a stable housing market.

How does the commute time and transportation infrastructure impact the attractiveness of Miami Shores for investors? +

The average commute time of 24.8 minutes in Miami Shores is relatively short, making it an attractive location for tenants who value convenience and accessibility. The top commute methods, including driving alone, working from home, and carpooling, also indicate a flexible and adaptable transportation infrastructure. This, combined with the high health insurance coverage rate of 90.7% and low poverty rate of 6.5%, suggests a high quality of life for residents and a stable investment environment.

What role does the local economy play in supporting real estate investment in Miami Shores? +

The local economy of Miami Shores, driven by top industries such as Manufacturing, Public Administration, and Finance & Insurance, provides a strong foundation for real estate investment. The employed population of 5,063 and median household income of $81,696 indicate a stable and growing economy, which can support demand for housing. Additionally, the relatively low poverty rate of 6.5% and high health insurance coverage rate of 90.7% suggest a reliable and skilled workforce, making Miami Shores an attractive location for investors.

Miami Shores FL Real Estate & City Facts

Key facts and real estate information about Miami Shores FL.

What are some of the best neighborhoods to live in Miami Shores? +

Some of the best neighborhoods to live in Miami Shores include the north parts of the city, which tend to be more desirable, and the southeast regions, which offer more affordable homes. According to AreaVibes, El Portal is also a great place to live, with a population of 2,111. Additionally, the Miami Shores Neighborhood Guide highlights the friendly atmosphere and plenty of amenities in the area.

What are some fun things to do in Miami Shores? +

There are plenty of fun things to do in Miami Shores, including visiting the Shepard & Ruth K. Broad Performing Arts Center, playing a round of golf at the Miami Shores Country Club, or exploring the nearby North Bayshore area. You can also check out the top-rated restaurants and bars on Tripadvisor or Yelp, such as Dulce Tropical Restaurant & CafÃ© or Fooq's.

What is the food scene like in Miami Shores? +

The food scene in Miami Shores is diverse and exciting, with a range of restaurants serving everything from Latin American cuisine to steakhouse fare. Some top-rated spots include Dulce Tropical Restaurant & CafÃ©, Fooq's, and Pinch Kitchen. There are also plenty of great food trucks and casual eateries to grab a quick bite.

What are the pros and cons of living in Miami Shores? +

The pros of living in Miami Shores include its friendly atmosphere, plenty of amenities, and convenient location. However, some cons include the potential for traffic and parking issues, as well as the higher cost of living in certain areas. Additionally, some residents may find the area to be a bit too quiet or suburban for their taste.

Is Miami Shores a good place to live? +

Overall, Miami Shores is a great place to live, offering a unique blend of small-town charm and big-city amenities. While it may not be the best fit for everyone, its friendly atmosphere, beautiful parks, and diverse food scene make it an attractive option for many. As with any city, there are pros and cons to consider, but for those who value a sense of community and a relaxed pace of life, Miami Shores is definitely worth considering.

Miami Shores, FL High Income Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Miami Shores FL Properties: 1.2400%

📊 Average Income For Miami Shores FL Commercial Property: $81,696

Investor Questions For Miami Shores FL

Miami Shores FL Real Estate & City Facts

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