Brickell Bay Boardwalk Commercial
801 Brickell Bay Dr 4C042 Miami, FL 33131
For Sale
$2,500,000
5,411 SF waterfront condo ideal for retail or restaurant.
Property Size5,411 SF
Price / SF$462.02
Days on Market139
Property Features for 801 Brickell Bay Dr 4C042
General Information
Standard status
Active
Size
5,411 SF
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
APEX Capital Realty LLC
(305) 570-2600
Listed By:
Miguel Pinto · License #A12015724
(305) 570-2600
Source:
Elliman
Added: Mar 11
Changed: Jul 10
Last Checked: Jul 26 at 8:26AM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This 5,411 square foot commercial condominium, identified as Unit 4C042, features direct frontage along the historic Four Ambassadors waterfront concourse on the Brickell Bay Boardwalk. Its bayfront location is suitable for retail, restaurant, or office use in Brickell. The property includes an approved liquor license reservation for full liquor service, enhancing its potential as a restaurant or lounge. It is grease trap ready to install, with utilities stubbed for efficient build-out. The unit offers approximately 45 feet of waterfront frontage with bay views, private on-site parking, and potential for dock access, outdoor dining, or open-air events.
Key Highlights
- Rare bayfront location on the Brickell Bay Boardwalk with ~45 feet of prime waterfront frontage and sweeping bay views.
- Includes an approved liquor license reservation for full liquor service.
- Ideal for retail, restaurant, or office use.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $281.2k | $51.96 |
| − Vacancy | −$29.0k | −$5.35 |
| EGI | $252.2k | $46.61 |
| − OpEx | −$75.7k | −$13.98 |
| NOI | $176.5k | $32.63 |
5,411 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.65M
$3.20M – $4.26M
NOI $255,672 @ 7.0% cap · market cap 10.23%
Second Best
Retail
$2.52M
$2.21M – $2.94M
NOI $176,538 @ 7.0% cap · market cap 7.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 5,411 SF waterfront condo ideal for retail or restaurant.
Where is this retail space located?
The property is located at 801 Brickell Bay Dr 4C042 Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Rare bayfront location on the Brickell Bay Boardwalk with ~45 feet of prime waterfront frontage and sweeping bay views.; Includes an approved liquor license reservation for full liquor service.; Ideal for retail, restaurant, or office use.
