Income-Producing Convenience Store For Sale

350 NW 79th St, Miami, FL

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For Sale

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Convenience store near I-95 with high-density development potential.

Type:RETAIL

Property size:

2,191 SF

Lot size:

0.31 Acres

Price / SF:

$707/SF

HighLights

High‑density development rights allowing up to 8 stories and 150 residential units/acre (45 total units by right).
Income‑producing convenience store already in operation.
Strategic location with 27,500 Average Daily Trips and proximity to I‑95.
Located within an Opportunity Zone.
Zoning designation T6‑8‑0 allowing for a maximum buildable area of 65,000 sq ft.
13,000 net square feet of well‑located commercial land.

We can help!

Listing Contact

Matthew Martinez

For Sale

Contact for pricing

Convenience store near I-95 with high-density development potential.

Type:RETAIL

Property size:

2,191 SF

Lot size:

0.31 Acres

Price / SF:

$707/SF

Added:: May 30, 2024
Days on Market:: 747
Last Refresh:: May 19 at 9:08 pm

Property Features for 350 NW 79th St

General Information

Standard status: Active
Size: 2,191 SF
Lot size: 0.31 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Matthew Martinez

Listing agent Matthew Martinez

Listing office Beacon Hill Property Group

Listing date May 30, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Beacon Hill Property Group

HighLights

High‑density development rights allowing up to 8 stories and 150 residential units/acre (45 total units by right).
Income‑producing convenience store already in operation.
Strategic location with 27,500 Average Daily Trips and proximity to I‑95.
Located within an Opportunity Zone.
Zoning designation T6‑8‑0 allowing for a maximum buildable area of 65,000 sq ft.
13,000 net square feet of well‑located commercial land.

Overview

This income-producing convenience store is situated on 13,000 net square feet of commercial land. The 2,191 sq ft building houses a convenience store with a kitchen. The building features a ceiling height of 12.5 feet. The property benefits from a location with 27,500 Average Daily Trips and is less than 1/3 of a mile from I-95. Located within an Opportunity Zone, the parcel's zoning designation of T6-8-0 allows for development of up to 8 stories and 150 residential units/acre, or 45 total units by right. The maximum buildable area totals 65,000 sq ft. The site can accommodate 2,000 sq. ft. of retail space on the ground floor, as well as the 62 required parking spaces within a 2-level parking structure.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$140.1k	$63.96
− Vacancy	−$2.1k	−$0.96
EGI	$138.0k	$63.00
− OpEx	−$34.5k	−$15.75
NOI	$103.5k	$47.25

2,191 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,526 @ 7.0% cap · market cap 6.68%

Second Best

Retail

$1.02M

$893.5K – $1.19M (±1% cap)

NOI $71,483 @ 7.0% cap · market cap 4.61%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

MG Luxury car ... Car Wash ATM Atm Quick Stop Grocery & Convenience Store

Suggested Use

Similar Places Nearby

G & E Baby Food Palace — 7424 NE 2nd Ave, Miami, FL 33138
Bubba's Mkt Super Market — 7465 NW 7th Ave, Miami, FL 33150
President super market — unnamed road, miami, fl 33150
Sam's Food Market — 8290 N Miami Ave, Miami, FL 33150
Food Mart — Gladeview, FL 33150

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.1893
Latitude: 25.8474

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What type of property is this?

Grocery and convenience store - Convenience store near I-95 with high-density development potential.

Where is this grocery and convenience store located?

The property is located at 350 NW 79th St Miami, FL.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: High‑density development rights allowing up to 8 stories and 150 residential units/acre (45 total units by right).; Income‑producing convenience store already in operation.; Strategic location with 27,500 Average Daily Trips and proximity to I‑95.

350 NW 79th St, Miami, FL

Convenience store near I-95 with high-density development potential.

Property Features for 350 NW 79th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Miami Mixed-Use Investment Opportunity

Miami Office Buildings with Redevelopment Potential

Established Automotive Business on Calle 8

Prime Westchester Commercial Property

Updated Two-Story Miami Office Building

Miami Riverfront Mixed-Use Opportunity

Miami Commercial Building For Sale

Miami Warehouse Condo For Sale

Miami Commercial Corner Lot Opportunity

Freestanding Commercial Building on 8th

Miami River Commercial Opportunity

Operating Supermarket on High-Traffic Corner

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