860 NE 79th St - Storefront FOR SALE


Miami, FL 33138- Upper East Side North
$5,200,000 USD
305-467-7718
860 NE 79th St, Miami, FL for Sale
$5,200,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate


OVERVIEW

- Prime Investment Opportunity: Presented by Vertical Real Estate at 860 NE 79th Street. - Location: Situated in the desirable Belle Meade neighborhood within Miami’s MiMo District. - Architectural & Retail Appeal: Known for mid-century modern architecture and a vibrant retail scene. - High-Visibility Property: Single-story commercial retail building on NE 79th Street with excellent exposure in a high-traffic area. - Strong Investment Potential: Located in a rapidly developing neighborhood with strong cash flow. - Proximity to Key Areas: Close to Wynwood, Edgewater, the Design District, and Midtown, with easy access to I-195 and I-95. - Accessibility: Short drive to Miami Beach, Downtown, and the Arts & Entertainment District. - Current Income: Generates $379,094 in annual rent. - Future Growth Potential: Opportunity for rent increases, capital investment, and administrative enhancements. - Market Demand: Increasing appeal due to migration from New York and California for Miami’s climate and tax benefits.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$550 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

T5-0

APN/PARCEL ID

01-3207-016-3620

ASK ABOUT THIS PROPERTY

Noah FoxVertical Real Estate LLCMore Info
305-467-7718

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Noah FoxVertical Real Estate LLCMore Info
305-467-7718

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