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69 NW 27th Ave 7,003 SF 50% Leased Retail Building Miami, FL 33125 $2,850,000 ($406.97/SF) 6.32% Cap Rate
Investment Highlights
- Fully remodeled to meet 40-year certification standards
- Flexible layout for single or multi-unit use
- Ample on-site parking for staff and guests
- New commercial kitchen with grease trap and HVAC system
- High-visibility location with strong signage potential
- Sold as-is with all fixtures and equipment included
Executive Summary
Seize this rare opportunity to own a turnkey commercial restaurant building in the heart of Miami ! Building went throug a full remodeling in order to get the 40 years certification. Whether you're expanding your restaurant empire, launching a new concept, or converting to a mixed-use space, this building offers endless potential in a high-traffic area with excellent visibility. Provide the option to use one single unit or subdive. Perfect for a commercial kitchen or common cent kitchen. Plenty of parking
This property is being sold as-is, with all fixtures and equipment included , new greese trap in place alone with a new full kitchen. A/C brand new just installed.
This property is being sold as-is, with all fixtures and equipment included , new greese trap in place alone with a new full kitchen. A/C brand new just installed.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,003 SF
Building Class
C
Year Built
1946
Price
$2,850,000
Price Per SF
$406.97
Cap Rate
6.32%
NOI
$180,000
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.27 AC
Zoning
T6-8-O - Urban Core Transect Zone, maximum 8 stories/floors
Parking
18 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (85)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $213,511 | |
| Land Assessment | $1,298,000 | Total Assessment | $1,511,511 |
Property Taxes
Parcel Numbers
Land Assessment
$1,298,000
Improvements Assessment
$213,511
Total Assessment
$1,511,511
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69 NW 27th Ave
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