990 NW 119th St - Freestanding FOR SALE


Miami, FL 33168
$2,300,000 USD
561-929-0111
990 NW 119th St, Miami, FL for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

990 NW 119th St
Miami, FL 33168


HIGHLIGHTS

  • Prime Location
  • Own the Real Estate
  • Turnkey Condition
  • Development Potential
  • Retail Storefront
  • High Traffic Visibilty

OVERVIEW

Marketplace 119: Premier Retail Opportunity in Miami Welcome to Marketplace 119, a standout retail property superbly located at 990 NW 119 Street, Miami, FL 33168. This property offers an incredible owner-user opportunity in a vibrant and growing neighborhood, perfect for a range of commercial uses. Meat Market/Restaurant/Retail Property Highlights: Address: 990 NW 119 Street, Miami, FL 33168 Asking Price: $2,300,000 Market Value: $2,390,000 (April 2023) Building Size: 3,988 SF Lot Size: 12,675 SF Zoning: NCUAD – North Central Urban Area District Year Built: 1988, Fully Renovated in Recent Years Price per Square Foot: $599.30 Features and Facilities: The property has been completely renovated, offering a pristine, turnkey setup currently designed as a meat market butcher shop. This includes a commercial food prep area, refrigerated storage, and dedicated retail space. The meticulous maintenance extends throughout the storefront, back-of-house, and front-of-house areas, ensuring a spotless environment that reflects the quality of the premises. Ample on-site parking and easy access from NW 119 Street and NW 10 Avenue facilitate seamless customer inflow and outflow, enhancing the commercial appeal of the site. Strategic Location: Situated in Flood Zone X, Marketplace 119 benefits from average visibility and convenient accessibility, characteristics essential for business operations. The property is nestled in a stable, mature neighborhood that shows promise for future growth, making it an excellent investment for businesses looking to expand or consolidate their operations in Miami. Financial Overview: The property boasts an assessed value of $636,848 with annual real estate taxes amounting to $11,320. This is an exceptional opportunity for businesses in the retail, food service, or any commercial sector looking for a high-quality, move-in-ready property in a prime Miami location. Marketplace 119 not only offers superior physical space but also the potential for significant business growth and development, thanks to its strategic positioning and comprehensive amenities. For more information or to schedule a visit, please contact us. We look forward to helping you seize this fantastic commercial opportunity.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$765 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Meat Market / Restaurant/Retail Property MIA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

BU-2

APN/PARCEL ID

30-2135-013-0010

ASK ABOUT THIS PROPERTY

Tom PrakasPrakas & CompanyMore Info
561-929-0111

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Tom PrakasPrakas & CompanyMore Info
561-929-0111

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