Ground-Level Restaurant
415 NE 35th Terrace Miami, FL 33137
New
For Sale
$7,000,000
Vanilla-ready ground-level restaurant space with a dedicated full-service kitchen and bar-ready zone.
Property Size7,660 SF
Price / SF$913.84
Days on Market5
Property Features for 415 NE 35th Terrace
General Information
Standard status
Active
Size
7,660 SF
Building Details
Year Built
2026
Listing Agency:
Proxy Realty Group LLC
(305) 926-9262
Listed By:
Hamlet Garcia
(305) 926-9262
Source:
Laerrealty
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 28 at 3:13AM
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 Proxy Realty Group LLC
Investment Insights
Based on property information with market context.
±7,660 SF ground-level restaurant space offered as a vanilla-ready platform within a condo-hotel development. The layout includes a dedicated full-service kitchen area, a bar-ready zone designed to support food and beverage service flow, along with spacious dining and lounge seating areas.
The space is positioned for strong street visibility with direct access from the hotel lobby and porte-cochere. It is intended to support restaurant, lounge, and bar concepts, with proximity to the hotel lobby, lounge, and retail components.
Located at 415–435 NE 35th Terrace in Miami, the property is described as steps from the Design District, Wynwood, Midtown, and the waterfront.
The space is positioned for strong street visibility with direct access from the hotel lobby and porte-cochere. It is intended to support restaurant, lounge, and bar concepts, with proximity to the hotel lobby, lounge, and retail components.
Located at 415–435 NE 35th Terrace in Miami, the property is described as steps from the Design District, Wynwood, Midtown, and the waterfront.
Key Highlights
- ±7,660 SF ground‑level restaurant space in The Edgewater Hotel (415‑435 NE 35th Terrace, Miami, FL 33137)
- Vanilla‑ready delivery with dedicated full‑service kitchen area designed for food & beverage use
- Bar‑ready zone with service flow for a restaurant, lounge, and bar concept
Financial Insights For Specialty 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 | $489.9k | $63.96 |
| − Vacancy | −$7.3k | −$0.96 |
| EGI | $482.6k | $63.00 |
| − OpEx | −$120.6k | −$15.75 |
| NOI | $361.9k | $47.25 |
7,660 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.17M
$4.52M – $6.03M
NOI $361,938 @ 7.0% cap · market cap 5.17%
Second Best
Industrial
$1.47M
$1.29M – $1.72M
NOI $102,909 @ 7.0% cap · market cap 1.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Food trucks — 192 NE 32nd St, Miami, FL 33137
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vanilla-ready ground-level restaurant space with a dedicated full-service kitchen and bar-ready zone.
Where is this conventional restaurant located?
The property is located at 415 NE 35th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: ±7,660 SF ground‑level restaurant space in The Edgewater Hotel (415‑435 NE 35th Terrace, Miami, FL 33137); Vanilla‑ready delivery with dedicated full‑service kitchen area designed for food & beverage use; Bar‑ready zone with service flow for a restaurant, lounge, and bar concept
