300-306 NE 79th St - Storefront FOR SALE


Miami, FL 33138
$1,350,000 USD
310-710-5080
300-306 NE 79th St, Miami, FL for Sale
$1,350,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

300-306 NE 79th St
Miami, FL 33138


HIGHLIGHTS

  • Located In The Heart Of The Little River District Of Miami With Easy Access To I-95 And The JFK Causeway, Minutes To Miami Beach.
  • Site Benefits From High-density Zoning, Allowing For 150 Units Per Acre And Up To Eight Stories By Right With Allowable Uses Of Residential, Hotel,
  • Engulfed By Several Development Sites Including Plans For A $3 Billion Mixed-use Public Housing Project, Creating A Dynamic And Evolving Neighborhood.

OVERVIEW

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 300 NE 79th St, Miami, FL. The subject property consists of 2,750 SF of ground floor retail, divided into three separate suites, situated on a 7,480 SF lot. The back of the property has a backyard garden and 2 parking spaces available. One of the suites is currently owner/user occupied, with the remaining two spaces being vacant. The property would be ideal for an owner-user wishing to occupy the entire premises. The property is surrounded by several future development projects and down the block from the Citadel food hall. It also had just passed the 40-year recertification. The property is strategically located on NE 79th Street, the northeastern corridor of Little River, minutes away from Miami’s trendy Wynwood Arts District, Midtown Miami, and the Design District. Additionally, the property is within close proximity to the I-95 and the JFK causeway. This specific corridor has an approximate daily car count of roughly 26,000 commuters passing through. The site also benefits from high-density T6-8-O zoning which allows for a multitude of uses including the ability to build up to eight stories by right, 150 Du/Acre, 26 residential units, and 52 lodging rooms.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Little River Value-Add Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-1

APN/PARCEL ID

01-3207-000-0540

ASK ABOUT THIS PROPERTY

George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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