Two-Unit Retail and Restaurant
63 Northwest 27th Avenue Miami, FL 33125
63 Northwest 27th Avenue, Miami, FL, 33125
Contact for pricing
For Sale
Contact for pricing
Two-unit retail property with a newly built front restaurant space and a back unit deliverable as vanilla shell.
Property Size5,505 SF
Lot Size0.27 Acres
Price / SF$499.55
Days on Market85
Property Features for 63 Northwest 27th Avenue
General Information
- Standard status
- Active
- Size
- 5,505 SF
- Lot size
- 0.27 Acres
- Property subtype
- Retail, Land
Listing agency
APEX Capital Realty
(305) 323-9787
Listed by
Carl Gorman · License #3551551
Source
Crexi
Added: Apr 28 Updated: Jul 21 at 2:34PM Checked: Jul 21 at 2:34PM
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 APEX Capital Realty
Investment Insights
Based on property information with market context.
This two-unit retail property includes a front restaurant space that was recently built and features brand-new grease traps, appliances, and updated electrical. The second, back unit can be delivered as a vanilla shell with permits closed.
The asset is located at 63–69 NW 27 Avenue in Little Havana. It offers a practical configuration for multiple concepts, with room to support food and beverage, retail, and other commercial uses.
The property includes approximately 5,000 SF of usable space within a total lot area listed at 11,800 SF, providing two distinct spaces suited for separate operations or a consolidated tenant strategy.
The asset is located at 63–69 NW 27 Avenue in Little Havana. It offers a practical configuration for multiple concepts, with room to support food and beverage, retail, and other commercial uses.
The property includes approximately 5,000 SF of usable space within a total lot area listed at 11,800 SF, providing two distinct spaces suited for separate operations or a consolidated tenant strategy.
Key Highlights
- Two‑unit retail property on NW 27 Avenue in Little Havana
- 11,800 SF lot with 5,000 SF of usable space
- Front unit recently built as a restaurant space with brand‑new grease traps, appliances, and updated electrical
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 | $286.0k | $51.96 |
| − Vacancy | −$29.5k | −$5.35 |
| EGI | $256.6k | $46.61 |
| − OpEx | −$77.0k | −$13.98 |
| NOI | $179.6k | $32.63 |
5,505 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.72M
$3.25M – $4.34M
NOI $260,114 @ 7.0% cap · market cap 9.46%
Second Best
Retail
$2.57M
$2.25M – $2.99M
NOI $179,604 @ 7.0% cap · market cap 6.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-unit retail property with a newly built front restaurant space and a back unit deliverable as vanilla shell.
Where is this retail space located?
The property is located at 63 Northwest 27th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two‑unit retail property on NW 27 Avenue in Little Havana; 11,800 SF lot with 5,000 SF of usable space; Front unit recently built as a restaurant space with brand‑new grease traps, appliances, and updated electrical
