259-269 NE 79th St - Retail FOR SALE


Miami, FL 33138
$2,900,000 USD
305-510-6627
259-269 NE 79th St, Miami, FL for Sale
$2,900,000 USD
Retail - FOR SALE
1/2
null | Request Cap Rate

259-269 NE 79th St
Miami, FL 33138


OVERVIEW

Prime Investment Opportunity in Rapidly Growing Area This property is located on the bustling 79th Street Business Corridor, just minutes from Magic City, Wynwood, and the Design District. The area is experiencing rapid growth with several high-profile developments underway, including the redevelopment of the former Immigration Building at the corner of 79th Street and Biscayne Boulevard. This transformative project will feature a hotel, condominiums, and ground-level retail. With T6-8-O zoning, this 15,808 SqFt lot offers the potential for 54 buildable units, making it an exceptional opportunity for developers and investors. The existing 10-unit building spans 7,301 SqFt, providing immediate income potential while planning for redevelopment.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$944 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,808 SF

ZONING

C-1

APN/PARCEL ID

01-3207-020-0460

ASK ABOUT THIS PROPERTY

Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.