East Airport, FL
Community and Real Estate Information
East Airport is a mixed-use neighborhood that includes industrial areas near the airport as well as numerous commercial projects. It is a mixed-use district located about 5 miles west of Downtown Miami and the port city, directly east of the Miami International Airport. The area is bordered on the west by the Airport and NW 42nd Avenue (Lejuene Road), south by NW 14th Street, on the east by NW 27th Avenue, and on the north NW 41st Street. The International Links Melreese Country Club, as well as suburban suburbs, surround the city. Melreese is set to be redeveloped into Miami Freedom Park, a major mixed-use development that will include a new soccer stadium for the David Beckman-led InterMiami soccer team. This upcoming brand-new world-class venue may have a significant impact on the local real estate market. Investors are now paying more than $2,000,000 per acre in the city, unheard of in other industrial areas.
The Miami Intermodal Center is a multi-year project to improve ground access at MIA and establish a major transportation hub for the area. Commercial real estate in the East Airport submarket primarily serves the many passengers who fly into and out of Miami International Airport. The majority of the major car rental companies have locations in the region. There are also several car parking facilities for visitors. Embassy Suites, Hyatt, Hampton, Element, Even Hotel, La Quinta Inn, and others are among the hotels found in the city.
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Nearby Businesses
Many nearby businesses can be found around the corner, including the Miami Airport Train Station, Embassy Suites, Casino Miami, La Quinta Inn, Hotel Sheraton Airport Miami, Oceanica Yachts, and Grapeland Waterpark.
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Business Opportunities
East Airport is a premier commercial real estate location that provides immediate access to Miami International Airport and can set one of the advantages compared to other locations. As the city's main entry point, infrastructure has been built to link the district to the region's many business centers, along with the Dolphin Expressway and US Highway 27.
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Important Considerations
Considering its location and high demand for commercial real estate, the area has some of the most expensive industrial lands in the county that could give savvy investors second thoughts about the said county.
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Miami, FL Market Report:
Households: 883,372
Median Listing Home Price: $425,000
Median Listing Home Price Per Sqft: $301
Median Rent: $1,754
Average Days on Market: 76
Home Ownership Percentage: 62.1%
Miami, FL Community Report:
Population: 478,251
Average Household Income: $39,049
Median Age: 40.1
Associate's Degree or Higher: 37.04%
Elderly Percentage: 16.02%
Cost of Living Score: 123.1
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If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 305-619-2937. We would be glad to work with you to get the best deal possible for your transaction.
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POSTED BY:
Pat McBride
305-619-2937
8200 NW 41st Street Suite 155
Doral, FL 33166
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