RAILWAY SHOPS ADDN 1ST AD
5501 NW 2nd Ave, Miami FL 33127
3 beds · 2 baths · 1,680 ft²
$950,000
Est. Payment $5,056/mo
3
Bedrooms
2
Bathrooms
1,680
Sq. Ft.
1924
Year Built
3
Garage
1
Days on Market
Description
This T5-L zoned property is an unmatched find for developers or owner-users seeking a flagship presence. 4,300 Sq. Ft. Lot and a property of 1,680 Sq. Ft. The site sits adjacent to a major planned corner development that will introduce high-end retail, a curated café, and destination dining, ensuring a consistent flow of sophisticated clientele to your doorstep. Capitalize on the area's transition toward high-density mixed-use, with flexible zoning that supports a sophisticated integration of retail, office, and residential units. This asset provides immediate carry while you finalize your architectural plans. Located just minutes from the Design District and Wynwood, this is where Miami’s next chapter is being built. Secure a premier land acquisition in a high-growth corridor directly benefiting from the upscale transformation of the 55th St and 2nd Ave axis.
Facts
- MLS#
- A12033069
- Subdivision
- RAILWAY SHOPS ADDN 1ST AD
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 4,300 ft²
- Sq. Ft.
- 1,680 ft²
- Sq. Mt.
- 156 m²
- Price per sq. ft.
- $565/ft²
- Price per sq. mt.
- $6,090/m²
- Stories
- —
- Garage
- 3 spaces
- Pool
- —
- Days on Market
- 1 day
- Listed
- Jun 8, 2026
- Last Updated
- Jun 9, 2026
- Price/Lot Sq.Ft.
- $221/ft²
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
June 2026
49
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 6/8/2026 | Listed for sale | $950,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Indian River Christian SchoolKG,1,2,3,4,5,6,7,8 · private · 4.2 mi
Imagine At South VeroKG,1,2,3,4,5,6,7,8 · charter · 4.9 mi
Indian River Charter High School9,10,11,12 · charter · 5.0 mi
Estimated Monthly Payment
$5,998/mo
Principal & Interest
$5,056
Property Tax
$792
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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