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South Miami, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in South Miami, Florida Market population: 12K. Compare commercial properties across all major asset classes...

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⭐ Featured

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

πŸ“Š Avg Property Tax Rate For South Miami FL Properties: 1.0600%

πŸ“Š Average Income For South Miami FL Commercial Property: $54,476

Investor Questions For South Miami FL

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

What's the overall investment potential of South Miami, FL? +
The 13.0% poverty rate combined with 85.4% health insurance coverage and a median household income of $54,476 suggests a stable market with employment opportunities, making it attractive for real estate investment. The top industries, including Manufacturing and Finance & Insurance, also contribute to the area's economic stability. With a relatively low poverty rate and high health insurance coverage, South Miami presents a favorable environment for investors.
How does the commute time and transportation infrastructure impact the rental market? +
The average commute time of 26.2 minutes and the top commute methods, including Drove Alone and Public Transit, indicate a well-connected city with relatively easy access to employment opportunities. This, combined with the 58.6% homeownership rate, suggests a strong rental market with a stable tenant base, particularly in areas with convenient public transportation. The diversity of commute methods also caters to different tenant preferences.
What role does ethnic diversity play in shaping the local real estate market? +
The ethnic diversity of South Miami, with top ethnicities including White, Hispanic, and White Non-Hispanic, contributes to a vibrant and inclusive community. This diversity can lead to a more dynamic local economy, with various industries and businesses catering to different demographics, ultimately supporting a strong and resilient real estate market. The presence of a diverse population also indicates a potential for a wide range of rental opportunities.
How do income inequality and poverty rates influence the quality of tenants in South Miami? +
The GINI coefficient of 0.535, indicating moderate income inequality, combined with a poverty rate of 13.0%, suggests that while there are disparities in income, the overall poverty rate is relatively low. This, paired with an 85.4% health insurance coverage rate, implies a working population with access to healthcare, which can lead to more reliable and stable tenants. Investors should consider these factors when assessing potential rental income and tenant quality.
What are the implications of the median property value and taxes for real estate investors? +
The median property value of $344,400 and median property taxes of $2,427 in South Miami suggest a relatively high-value market with significant tax implications for investors. Considering the median household income of $54,476 and the employed population of 5,517, investors should weigh the potential rental yields against these costs to ensure a profitable investment. The stability of the local economy, supported by top industries like Manufacturing and Finance & Insurance, can help mitigate some of these costs.

South Miami FL Real Estate & City Facts

Key facts and real estate information about South Miami FL.

What are some of the best neighborhoods to live in South Miami? +
Some of the best neighborhoods to live in South Miami include Ponce Davis, High Pines, Coconut Grove, and South Miami Heights. These neighborhoods offer a mix of exclusive residential areas, historic character, and mature tree canopy. For example, Ponce Davis and High Pines are known for their beautiful homes and tree-lined streets, while Coconut Grove offers a more laid-back, beachy vibe. South Miami Heights is an emerging neighborhood with a mix of single-family homes and townhouses, offering great potential for real estate investors.
What are some fun things to do in South Miami? +
There are plenty of fun things to do in South Miami, including visiting the Shops at Sunset Place, exploring the Venetian Causeway, and enjoying the beautiful beaches at South Beach. You can also visit the Coral Gables Museum, take a stroll through the Fairchild Tropical Botanic Garden, or go for a walk along the Miami River. If you're looking for something more adventurous, you can try kayaking or paddleboarding in the nearby waters. Additionally, the area is home to many unique shops, restaurants, and galleries, making it a great destination for shopping and dining.
What is the food scene like in South Miami? +
The food scene in South Miami is diverse and vibrant, with a wide range of restaurants serving everything from traditional Cuban cuisine to modern American fare. Some popular spots include The Grape Ape, Recoveco, Secreto Restaurant, and Pastamia. You can also find great sushi at Sushi Joe, or try some delicious poke at Poke OG. For a unique dining experience, head to Ghee - Downtown Dadeland, which serves Indian cuisine with a modern twist. There are also plenty of great food trucks and casual eateries, such as Casola's Pizzeria & Sub Shop and Flanigan's, serving up tasty burgers and sandwiches.
What are the pros and cons of living in South Miami? +
The pros of living in South Miami include its beautiful neighborhoods, vibrant downtown area, and easy access to beaches and outdoor activities. The area is also home to many great restaurants, shops, and cultural attractions. However, some cons include the high cost of living, particularly when it comes to housing, and the potential for traffic and congestion in the area. Additionally, some neighborhoods may be more prone to noise and crowds, especially those near the beach or popular nightlife spots. Overall, South Miami is a great place to live for those who value a mix of urban and suburban living, with plenty of amenities and activities to enjoy.
Is South Miami a good place to live? +
Yes, South Miami is a great place to live for many people. The area offers a unique blend of urban and suburban living, with beautiful neighborhoods, a vibrant downtown area, and easy access to beaches and outdoor activities. While it may have some drawbacks, such as a high cost of living and potential traffic congestion, the pros outweigh the cons for many residents. With its diverse community, rich cultural scene, and plenty of amenities, South Miami is an excellent choice for those looking for a dynamic and exciting place to call home. From young professionals to families, there's something for everyone in this vibrant and thriving city.
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