Renovated Liquor Store with Real
For Sale
$1,950,000
2597 SW 37th Ave, Miami, FL 33133
Recently renovated liquor store and retail building generating annual gross sales under absentee ownership.
Property Size2,740 SF
Lot Size0.15 Acres
Price / SF$711.68
Days on Market93
Property Features for 2597 SW 37th Ave
General Information
Standard status
Active
Size
2,740 SF
Lot size
0.15 Acres
Zoning
T6-8-O
Site & Location
Neighborhood
Douglas Park
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Listing Agency:
FortMark, LLC
Listed By:
Daniel Hidalgo-Sandoval · License #3561017
Source:
Thepennteam
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 24 at 8:52PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$89,394
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,787,880
$1.8M
Cap Rate 7%
$1,277,057
$1.3M
Cap Rate 9%
$993,267
$993.3K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$142.4K $51.96/SF
− Vacancy
−$14.7K −$5.35/SF
EGI
$127.7K $46.61/SF
− OpEx
−$38.3K −$13.98/SF
NOI
$89.4K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,787,880
Cap Rate 7%
$1,277,057
Cap Rate 9%
$993,267
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,394 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,466 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,779
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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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 $1,950,000.
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
