Restaurant with Garden
New
For Sale
$6,900,000
1421 West Ave, Miami Beach, FL 33139
Vacant dining space retains grandfathered restaurant use, licenses, and operating hours under RM-1 zoning.
Property Size9,378 SF
Lot Size0.34 Acres
Price / SF$735.76
Days on Market2
Property Features for 1421 West Ave
General Information
Standard status
Active
Size
9,378 SF
Lot size
0.34 Acres
Property subtype
Vacant-User
Zoning
RM-1
Site & Location
Traffic Count
7,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Patio
Yes
Amenities
2nd GEN RESTAURANT/LOUNGE: Fully Equipped – 9,378 SF Restaurant & Bar – Includes Outdoor Seating & Lush Gardens
NEW CONCEPT OPPORTUNITY: Licenses in Place (Includes 4COP Liquor)– Allows For Renovation & New Concept
RE-DEVELOPMENT OPPORTUNITY: RM1 Zoning– Allows For Single Family, Townhomes & Apartments
EXCELLENT VISIBILITY & ACCESS: Frontage West Ave & a Block From Alton Rd
QUALIFIES FOR 100% BONUS DEPRECIATION: Contact Listing Agent For Estimate Of Savings
ADJACENT REAL ESTATE GROWTH: New Townhomes & Residential Real Estate Projects Nearby Like Terra's 1250 West Ave
LOCATED IN WEST AVENUE CORRIDOR: Highly Walkable Residential District – 40,000+ Residents W/ $110,000+ AHHI Within 1 MI
Building Details
Building Size
9,378 SF
Year Built
1925
Buildings
1
Listing Agency:
Marcus & Millichap
Listed By:
Scott Sandelin · License #License(s): FL: SL636794
(786) 522-7009
Source:
Marcusmillichap
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:19AM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
The vacant property contains a 9,378-square-foot building configured for full-service dining and private events, with indoor dining rooms and a garden patio. Restaurant use, licenses, and operating hours are grandfathered. The site comprises two parcels totaling 0.34 acres, or 15,000 square feet, and carries an RM-1 residential multifamily, low-intensity zoning designation. The stated zoning parameters allow single-family homes, townhouses, and apartments, with a 50-foot height limit, 1.25 FAR, and up to 21 residential units at 60 DU/AC.
At 1421 West Avenue in Miami Beach, the property is one block west of Alton Road and within walking distance of Lincoln Road and Flamingo Park. Nearby uses include residences, hotels, and neighborhood retail. West Avenue records 7,000+ VPD, while Alton Road carries 28,000+ VPD. The property is also near the MacArthur, Venetian, and Julia Tuttle causeways, providing access to Downtown Miami, Brickell, and the mainland.
At 1421 West Avenue in Miami Beach, the property is one block west of Alton Road and within walking distance of Lincoln Road and Flamingo Park. Nearby uses include residences, hotels, and neighborhood retail. West Avenue records 7,000+ VPD, while Alton Road carries 28,000+ VPD. The property is also near the MacArthur, Venetian, and Julia Tuttle causeways, providing access to Downtown Miami, Brickell, and the mainland.
Key Highlights
- 9,378 SF building configured for full‑service dining and private events
- Two‑parcel assemblage totaling 0.34 AC (15,000 SF)
- Garden patio and indoor dining rooms
Property Analytics
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Current Use
Lease Details
7,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,980
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant dining space retains grandfathered restaurant use, licenses, and operating hours under RM-1 zoning.
Where is this conventional restaurant located?
The property is located at 1421 West Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 9,378 SF building configured for full‑service dining and private events; Two‑parcel assemblage totaling 0.34 AC (15,000 SF); Garden patio and indoor dining rooms
