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Restaurant Space with Outdoor Seating

1444 Drexel Avenue, Miami Beach, FL 33139

For Lease
New
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Existing bar, kitchen, and hood equipment are in place within this Miami Beach restaurant space.

Space Size1,680 SF - 3,363 SF
Property Size4,000 SF
Days on Market6

Property Features for 1444 Drexel Avenue

General Information

Standard status Active
Size 1,680 SF - 3,363 SF
Net Rentable 4,000 SF
Property subtype Retail, Restaurant

Space & Availability

Available Space 4,000 SF
Contiguous Space 4,000 SF
Space Use Restaurant

Site & Location

Neighborhood Art Deco Historic District
Corner Location Yes

Restaurant

Commercial Hood Yes
Patio Yes
Second-Generation Restaurant Yes

Spaces For Lease

at 1444 Drexel Avenue Contact us

East Space Active

Size 3,363 SF
Contact us

West Space Active

Size 1,680 SF
Contact us
Listing Agency: Colliers - Miami, Florida
Listed By: Jonathan Carter
Source: Crexi
Added: Nov 5 Changed: Nov 10 Last Checked: Nov 8 at 3:39AM

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 Colliers - Miami, Florida

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Restaurant premises of approximately 4,000 SF are available at the corner of Espanola Way and Drexel Avenue in Miami Beach. Existing improvements include a bar, kitchen, and hoods, along with custom millwork, cement tile, and full-height French doors. Outdoor seating wraps around the space.

Key Highlights

  • Approximately 4,000 SF of restaurant space
  • Corner location at Espanola Way and Drexel Avenue
  • Wraparound outdoor seating area

Property Analytics

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

Current Use

Conventional restaurants

Suggested Use

Top Pick Butcher Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Restaurant Plumbing Service

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

Lease Details

Yes
Commercial hood
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,095
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Miami Beach, FL

$52.3 /SF/Yr
Avg Asking Price
$34–$65 /SF/Yr
Price Range
4,401 SF
Avg Space Size

Average Price Trend$/SF/Yr for Conventional restaurants in Miami-Dade County, FL

$48.24 Jul
$48.85 Aug
$50.83 Sep
$55.15 Oct

Properties on Market for Conventional restaurants in Miami-Dade County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Existing bar, kitchen, and hood equipment are in place within this Miami Beach restaurant space.
Where is this conventional restaurant located?
The property is located at 1444 Drexel Avenue Miami Beach, FL.
What are key features of this property?
This property features: Approximately 4,000 SF of restaurant space; Corner location at Espanola Way and Drexel Avenue; Wraparound outdoor seating area
(305) 215-4522 Call to check price and availability
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