Freestanding Restaurant with Dedicated
2475 S Douglas Road, Miami, FL 33145
For Sale
Contact for pricing
Single-story masonry restaurant at a signalized corner with contiguous surface parking and two-street frontage.
Property Size4,582 SF
Lot Size0.43 Acres
Price / SF$650.37
Days on Market100
Property Features for 2475 S Douglas Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Pylon Signage
Road Access
Building Details
Year Built
Buildings
Stories
Tenancy
Construction
Parking Ratio
Listing Agency:
Cushman & Wakefield - Miami, Florida
Listed By:
Virgilio Fernandez · License FL SL3397219
(305) 613-4507
Source:
Crexi
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 10 at 6:05AM
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 Cushman & Wakefield - Miami, Florida
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Investment Insights
Based on property information with market context.
The offering includes a 4,582-square-foot, single-story freestanding restaurant built in 1939, together with a contiguous 9,600-square-foot entitled parking parcel. Masonry construction, building and pylon signage, and 27 on-site surface parking spaces support the existing restaurant configuration. The property is operated by Feten Group Corporation under the Habana Vieja Restaurant trade name and is zoned C-1 Restricted Commercial.
The combined 0.43-acre site occupies the signalized corner of S Douglas Road, also identified as SW 37th Avenue, and SW 25th Street. The assemblage is one block from Miracle Mile and the Coral Gables central business district, with frontage on two streets and direct control of the building and parking area. The layout supports continued restaurant use as well as the owner-user and adaptive-reuse possibilities identified for the property.
The combined 0.43-acre site occupies the signalized corner of S Douglas Road, also identified as SW 37th Avenue, and SW 25th Street. The assemblage is one block from Miracle Mile and the Coral Gables central business district, with frontage on two streets and direct control of the building and parking area. The layout supports continued restaurant use as well as the owner-user and adaptive-reuse possibilities identified for the property.
Key Highlights
- 4,582 SF freestanding restaurant building with contiguous 9,600 SF parking parcel
- Combined 0.43‑acre corner assemblage at a hard signalized intersection
- 27 on‑site surface parking spaces at a ratio of 5.89/1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,502
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,330,040
$4.3M
Cap Rate 7%
$3,092,886
$3.1M
Cap Rate 9%
$2,405,578
$2.4M
Market Conditions
NOI Build-Up for 4,582 SF
Gross rent
$293.1K $63.96/SF
− Vacancy
−$4.4K −$0.96/SF
EGI
$288.7K $63.00/SF
− OpEx
−$72.2K −$15.75/SF
NOI
$216.5K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,330,040
Cap Rate 7%
$3,092,886
Cap Rate 9%
$2,405,578
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.71M – $3.61M
NOI $216,502 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,779
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Miami, FL
Properties on Market for Conventional restaurants in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-story masonry restaurant at a signalized corner with contiguous surface parking and two-street frontage.
Where is this conventional restaurant located?
The property is located at 2475 S Douglas Road Miami, FL.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 4,582 SF freestanding restaurant building with contiguous 9,600 SF parking parcel; Combined 0.43‑acre corner assemblage at a hard signalized intersection; 27 on‑site surface parking spaces at a ratio of 5.89/1,000 SF
