Little River Value-Add Retail Investment

2,750 SF | 100% Leased | Retail Building | Miami, FL 33138 | $1,500,000 ($545/SF)

Asking Price $1,500,000

Property Type: Retail
Square Feet: 2,750 SF
Price / Square Foot: $545

Listing Contacts

George Belesis

Verified Profile

Property Info

Property 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.

Property Details

Class: C
Year Built: 1946
Stories: 1
Property Subtype: Storefront
Lot Size (sq. ft): 7,405 SF

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.

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