Freestanding Retail + Liquor
2597 SW 37th Ave Miami, FL 33133
2597 SW 37th Ave, Miami, FL, 33133
Contact for pricing
For Sale
Contact for pricing
Corner-lot freestanding retail building includes an operating liquor store with dual frontage and a 4COP license.
Property Size2,740 SF
Lot Size0.15 Acres
Price / SF$857.66
Days on Market100
Property Features for 2597 SW 37th Ave
General Information
- Standard status
- Active
- Size
- 2,740 SF
- Lot size
- 0.15 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
FortMark, LLC
Listed by
Daniel Hidalgo-Sandoval · License #3561017
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 3:21PM Checked: Jul 21 at 3:21PM
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 FortMark, LLC
Investment Insights
Based on property information with market context.
A combined retail investment for sale at 2597 SW 37th Ave in Miami: a 2,740 SF freestanding retail building on a 0.15 AC corner lot, offered with the fully operational Royal Liquors business. The package includes a quota-restricted 4COP full liquor license, all FF&E, walk-in coolers, commercial freezers, POS system, and signage, along with 2 attached living units (3/2) that provide additional income. The sale is presented as turnkey fee-simple ownership of the real estate plus ongoing business operations.
The site has dual frontage totaling 160 LF, with 106' on 26th St and 54' on 37th Ave, plus 8 parking spaces. Zoning is T6-8-O, which allows up to 8 stories, supporting redevelopment considerations for the corner location. The offering is described as having annual revenue of approximately $1M+ (POS) and adjusted SDE of $120K–$220K. A 90/100 walk score and an approximately 15-minute walk to Douglas Road Metrorail are noted in the seller materials.
The site has dual frontage totaling 160 LF, with 106' on 26th St and 54' on 37th Ave, plus 8 parking spaces. Zoning is T6-8-O, which allows up to 8 stories, supporting redevelopment considerations for the corner location. The offering is described as having annual revenue of approximately $1M+ (POS) and adjusted SDE of $120K–$220K. A 90/100 walk score and an approximately 15-minute walk to Douglas Road Metrorail are noted in the seller materials.
Key Highlights
- 2,740 SF freestanding retail building on a 0.15 AC corner lot at YearBuilt 1950
- Operating Royal Liquors business included: 16+ years established liquor store with $4COP full liquor license
- Dual frontage: 160 LF total (106' on 26th St and 54' on 37th Ave) with 8 parking spaces
Local 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 | $142.4k | $51.96 |
| − Vacancy | −$14.7k | −$5.35 |
| EGI | $127.7k | $46.61 |
| − OpEx | −$38.3k | −$13.98 |
| NOI | $89.4k | $32.63 |
2,740 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,394 @ 7.0% cap · market cap 3.80%
Second Best
Multifamily LT 5
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 2.34%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,466 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
THE HOUSE OF LIQUOR 3
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner-lot freestanding retail building includes an operating liquor store with dual frontage and a 4COP license.
Where is this retail space located?
The property is located at 2597 SW 37th Ave Miami, 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: 2,740 SF freestanding retail building on a 0.15 AC corner lot at YearBuilt 1950; Operating Royal Liquors business included: 16+ years established liquor store with $4COP full liquor license; Dual frontage: 160 LF total (106' on 26th St and 54' on 37th Ave) with 8 parking spaces
