Restaurant Shell with Outdoor
New
For Sale
Contact for pricing
690 SW 1st Ave Unit CU-2, Miami, FL 33130
A restaurant-ready shell includes infrastructure provisions and commercial signage rights within The Standard Residences.
Property Size7,550 SF
Price / SF$0.02
Days on Market4
Property Features for 690 SW 1st Ave Unit CU-2
General Information
Standard status
Active
Size
7,550 SF
Property subtype
Restaurant/Entertainment
Site & Location
Neighborhood
Parkwest
Utilities to Site
Yes
Restaurant
Commercial Hood
No
Grease Trap
Yes
Patio
Yes
Amenities
Commercial signage rights
Valet access for up to 8 vehicles simultaneously
Square Feet: 50183
Business Type: Retail Space, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 8, Features: Valet
Building Area Total: 400000, Building Name: The Standard Residences
County Or Parish: Miami-Dade County, Unit Number: CU-2
Leasable Area Units: Square Feet, Leasable Area: 7550
Road Frontage Type: City Street
Listing Agency:
Fortune Christie's International Real Estate
(305) 400-6393
Listed By:
Francisco Paez · License #3313511
(786) 731-8510
Source:
Riserealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 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 Fortune Christie's International Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 7,550-square-foot commercial shell at The Standard Residences is configured for a restaurant concept and includes an outdoor food-and-beverage terrace. Existing provisions include a grease trap, gas, electrical service and chiller water; future kitchen ventilation is also contemplated. Commercial signage rights are included, and valet access can accommodate up to 8 vehicles at a time.
The property is at 690 SW 1st Ave in Miami’s Brickell riverfront district. Nearby context includes office towers, restaurants, nightlife and residences, with access to Metrorail, Metromover and The Underline. Project completion is estimated for Summer 2027, subject to construction and developer delivery. Dimensions, infrastructure, uses and operating rights remain subject to verification and applicable approvals.
The property is at 690 SW 1st Ave in Miami’s Brickell riverfront district. Nearby context includes office towers, restaurants, nightlife and residences, with access to Metrorail, Metromover and The Underline. Project completion is estimated for Summer 2027, subject to construction and developer delivery. Dimensions, infrastructure, uses and operating rights remain subject to verification and applicable approvals.
Key Highlights
- 7,550 SF restaurant shell at The Standard Residences
- Outdoor food‑and‑beverage terrace and grease trap
- Gas, electrical and chiller‑water provisions; future kitchen ventilation capability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,324
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,926,480
$4.9M
Cap Rate 7%
$3,518,914
$3.5M
Cap Rate 9%
$2,736,933
$2.7M
Market Conditions
NOI Build-Up for 7,550 SF
Gross rent
$392.3K $51.96/SF
− Vacancy
−$40.4K −$5.35/SF
EGI
$351.9K $46.61/SF
− OpEx
−$105.6K −$13.98/SF
NOI
$246.3K $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%
$4,926,480
Cap Rate 7%
$3,518,914
Cap Rate 9%
$2,736,933
Alternative Uses
Best Use
Specialty Retail
$5.10M
$4.46M – $5.95M
NOI $356,741 @ 7.0% cap · market cap 264,252.59%
Second Best
Retail
$3.52M
$3.08M – $4.11M
NOI $246,324 @ 7.0% cap · market cap 182,462.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
8,468
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
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
Similar Off Market Nearby
- Manila Kantina Buffet — 245 E Flagler St, Miami, FL 33131
- sanvillabuffet — 255 E Flagler St #79, Miami, FL 33131
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A restaurant-ready shell includes infrastructure provisions and commercial signage rights within The Standard Residences.
Where is this conventional restaurant located?
The property is located at 690 SW 1st Ave Unit CU-2 Miami, FL.
What are key features of this property?
This property features: 7,550 SF restaurant shell at The Standard Residences; Outdoor food‑and‑beverage terrace and grease trap; Gas, electrical and chiller‑water provisions; future kitchen ventilation capability
