Renovated Liquor Store with Real
2597 Sw 37th Ave Miami, FL 33133
For Sale
Contact for pricing
Recently renovated liquor store and retail building generating annual gross sales under absentee ownership.
Property Size2,740 SF
Lot Size0.15 Acres
Price / SF$857.66
Days on Market14
Property Features for 2597 Sw 37th Ave
General Information
Standard status
Active
Size
2,740 SF
Lot size
0.15 Acres
Property subtype
RETAIL
Listing Agency:
Fausto Commercial Realty
(305) 431-2258
Listed By:
Carlos Fausto Miranda · License #3129999
(305) 431-2258
Source:
Moodyscre
Added: Jul 16
Changed: Jul 27
Last Checked: Jul 27 at 1:02PM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This sale includes a profitable, established liquor store operating from a renovated retail building of approximately 2,740± SF. The property is situated on a 6,325± SF lot zoned T6-8-O. The store generates approximately $1.3M in annual gross sales under absentee ownership. The sale includes all fixtures and equipment, along with a loyal customer base, and financials are available with NDA.
The property offers excellent visibility along a major corridor in one of Miami’s strongest commercial markets, supporting continued retail activity and providing a redevelopment pathway for future plans.
The offering combines an operating retail business component with the underlying real estate, giving an owner both current income and longer-term flexibility.
The property offers excellent visibility along a major corridor in one of Miami’s strongest commercial markets, supporting continued retail activity and providing a redevelopment pathway for future plans.
The offering combines an operating retail business component with the underlying real estate, giving an owner both current income and longer-term flexibility.
Key Highlights
- Recently renovated Coral Gables liquor store with a 2,740± SF retail building
- T6‑8‑O zoned lot with 6,325± SF land included with the property
- Absentee‑ownership performance: approximately $1.3M in annual gross sales
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
—
—
no second resolved use
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 authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Maria’s Flowers — 3130 Bird Ave, Miami, FL 33134
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- JJ Orchids — 3140 McDonald St, Miami, FL 33133
- Isa Entreflores — 4100 Salzedo St, Coral Gables, FL 33146
- MR Fresh Orchids Us1 — 3250 S Dixie Hwy #3617, Miami, FL 33133
Frequently Asked Questions
What type of property is this?
Storefront property - Recently renovated liquor store and retail building generating annual gross sales under absentee ownership.
Where is this storefront property 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: Recently renovated Coral Gables liquor store with a 2,740± SF retail building; T6‑8‑O zoned lot with 6,325± SF land included with the property; Absentee‑ownership performance: approximately $1.3M in annual gross sales
