Restaurant Shell with
New
For Sale
Contact for pricing
690 SW 1st Ave # 2 Unit CU-2, Miami, FL 33130
Restaurant infrastructure includes a grease trap and provisions for gas, electrical service, and chiller water.
Property Size400,000 SF
Price / SF$0.00
Days on Market4
Property Features for 690 SW 1st Ave # 2 Unit CU-2
General Information
Standard status
Active
Size
400,000 SF
Property subtype
Restaurant/Entertainment
Additional Details
Commercial Hood
No
Amenities
Gas, electrical & chiller-water provisions
Commercial signage rights
Valet access for up to 8 vehicles simultaneously
Building Details
Building Size
400,000 SF
Listing Agency:
Fortune Christie's International Real Estate
Listed By:
Francisco Paez · License #3313511
(786) 731-8510
Source:
Allyandaj
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:03PM
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 restaurant use and includes an outdoor food-and-beverage terrace. Existing provisions include a grease trap, gas, electrical service, and chiller water; kitchen ventilation can be added in the future. Commercial signage rights and valet service for up to 8 vehicles at a time are also part of the offering.
The property is in Brickell’s riverfront district in Miami, among office towers, restaurants, nightlife venues, and residences. Metrorail, Metromover, and The Underline provide nearby transit access. 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 in Brickell’s riverfront district in Miami, among office towers, restaurants, nightlife venues, and residences. Metrorail, Metromover, and The Underline provide nearby transit access. 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 commercial shell space
- Outdoor food‑and‑beverage terrace
- Grease trap, with gas, electrical, and chiller‑water provisions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,050,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,005,480
$261.0M
Cap Rate 7%
$186,432,486
$186.4M
Cap Rate 9%
$145,003,044
$145.0M
Market Conditions
NOI Build-Up for 400,000 SF
Gross rent
$20.78M $51.96/SF
− Vacancy
−$2.14M −$5.35/SF
EGI
$18.64M $46.61/SF
− OpEx
−$5.59M −$13.98/SF
NOI
$13.05M $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%
$261,005,480
Cap Rate 7%
$186,432,486
Cap Rate 9%
$145,003,044
Alternative Uses
Best Use
Specialty Retail
$270.00M
$236.25M – $315.00M
NOI $18,900,180 @ 7.0% cap · market cap 14,000,133.33%
Second Best
Retail
$186.43M
$163.13M – $217.50M
NOI $13,050,274 @ 7.0% cap · market cap 9,666,869.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,138
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
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant infrastructure includes a grease trap and provisions for gas, electrical service, and chiller water.
Where is this conventional restaurant located?
The property is located at 690 SW 1st Ave # 2 Unit CU-2 Miami, FL.
What are key features of this property?
This property features: 7,550 SF commercial shell space; Outdoor food‑and‑beverage terrace; Grease trap, with gas, electrical, and chiller‑water provisions
