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Freestanding Retail Office Property
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777 NE 79th St, Miami, FL 33138

Unique property on 79th St with high traffic volume.

Space Size2,300 SF
Property Size5,177 SF
Days on Market1177

Property Features for 777 NE 79th St

General Information

Standard status Active
Size 2,300 SF
Class C
Total Parking Spaces 12
Property subtype Retail, Office, Special Purpose
Lease Type NNN

Building Details

Building Size 5,177 SF
Year Built 1979
Tenancy Multiple

Spaces For Lease

at 777 NE 79th St Contact us

777-3

Size
2,300 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Realty Hub
Listed By: Alan Waserstein · License #0438224
Source: Crexi
Added: May 25, 2023 Changed: Aug 8 Last Checked: Aug 8 at 4:21AM

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 Realty Hub

Investment Insights

Based on property information with market context.

This freestanding retail office property is situated in a prime location east of Biscayne on 79th Street, directly across from the marina. The property features frontage on NE 79th Street. The 5,180 square foot space is suitable for offices, retail, or various other uses, including a restaurant, bar, night club, and special or private events. The property includes multiple rooms that can be configured as offices. Onsite parking is available, including some covered spaces. Separate entrances are located throughout the building. Located on 79th Street, the main thoroughfare leading to Miami Beach, North Bay Village, and I-95, the property benefits from high visibility with over 50,000 cars passing daily. North Bay Village is undergoing development with several thousand new units planned. Lease terms are negotiable, and the space could be divided.

Key Highlights

  • Prime location on NE 79th St, east of Biscayne, across from the marina.
  • High traffic count: Over 50,000 cars per day.
  • 5,180 Sqft suitable for offices, retail, restaurant, bar, nightclub, or events.

Property Analytics

Current Use

777 Complex Hotel & Motel Olivier Associates Law Firm

Suggested Use

Top Pick Dental Office Electrical Service Nursing Home Locksmith Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,989
Businesses Nearby

Demographics for 33138, FL

27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value

Market

Lease Benchmarks for Miami, FL

$36.4 /SF/Yr
Avg Asking Price
$0.89–$129 /SF/Yr
Price Range
6,256 SF
Avg Space Size

This space is priced 20% below the average of $36.4 /SF/Yr.

Vacancy Rate% for Office in Miami, FL

12.4% 2019
16.3% 2020
17% 2021
16.1% 2022
15% 2023
16.1% 2024
15.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Unique property on 79th St with high traffic volume.
Where is this retail space located?
The property is located at 777 NE 79th St Miami, FL.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Prime location on NE 79th St, east of Biscayne, across from the marina.; High traffic count: Over 50,000 cars per day.; 5,180 Sqft suitable for offices, retail, restaurant, bar, nightclub, or events.
(786) 703-1731 Call to check price and availability
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