Listing Agency: Maggi Realty

Listed By: Vanessa Maggi

Source: Maggirealty

Added: Jan 15, 2022 Changed: Oct 27 Last Checked: Oct 27 at 4:14AM

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Investment Insights

Based on property information with market context.

The restaurant property at 355 Alcazar Ave has undergone renovation. Its rent schedule includes a 3% increase each year.

Key Highlights

• Restaurant property renovated
• Rent schedule calls for a 3% increase each year

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Pet Store Pet Grooming Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,416

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33134, FL

38,739

Population

18,136

Households

2.1

Avg Household Size

46

Median Age

54%

College-Educated

91%

High-School Grad

5.2 sq mi

ZIP Area

7,450

Density / Sq Mi

$92,009

Median Household Income

$56,392

Median Earnings

$1,818

Median Rent

$660,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The stated rent schedule includes a yearly escalation.

Where is this conventional restaurant located?

The property is located at 355 Alcazar Ave Coral Gables, FL.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: Restaurant property renovated; Rent schedule calls for a 3% increase each year