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Little Havana "NN" Retail 229 NW 22nd Ave 1,540 SF Retail Building Miami, FL 33125 $925,000 ($600.65/SF) 6.63% Cap Rate
Investment Highlights
- Liqour License
- Value Add
- Heavy Traffic
- LongTime Operating Tenant
- Corner Lot
- Redevelopment Potential Zoning
Executive Summary
Prime corner restaurant property in the heart of Little Havana, fronting NW 22nd Avenue. The long-standing tenant—operating here for over eight years with two other Miami locations—offers stability and the option to extend or convert the lease to NNN, or reposition for higher rents. Ideal for investors or owner-users seeking strong visibility, daily traffic, and proximity to Downtown, Brickell, and the Health District. Includes an on-site living unit for added rental income or owner occupancy.
Liqour License*
Liqour License*
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,540 SF
Building Class
C
Year Built
1930
Price
$925,000
Price Per SF
$600.65
Cap Rate
6.63%
NOI
$61,282
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.11 AC
Zoning
6100 - T6-8-0: Retail,Office, Mixed-Use, Multifiamily Ect.
Variety of allowed uses.
Density `150 Units Perm Acre
Parking
5 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
38’ on NW 22nd Ave
Amenities
- 24 Hour Access
- Air Conditioning
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-4103-009-0010 | Improvements Assessment | $76,403 |
| Land Assessment | $401,670 | Total Assessment | $478,073 |
Property Taxes
Parcel Number
01-4103-009-0010
Land Assessment
$401,670
Improvements Assessment
$76,403
Total Assessment
$478,073
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Little Havana "NN" Retail | 229 NW 22nd Ave
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