Freestanding Entertainment and Retail
777 Northeast 79th Street Miami, FL 33138
777 Northeast 79th Street, Miami, FL, 33138
$3,900,000
For Sale
$3,900,000
Freestanding building with multiple rooms for dining, retail, office, bar, and private event use.
Property Size5,177 SF
Price / SF$753.33
Days on Market113
Property Features for 777 Northeast 79th Street
General Information
- Standard status
- Active
- Size
- 5,177 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1971
Listing agency
Realty Hub
(305) 439-4363
Listed by
Alan I Waserstein · License #0438224
(305) 439-4363
Source
Compass
Added: Apr 1 Updated: Jul 21 at 8:02AM Checked: Jul 21 at 8:02AM
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.
Freestanding, unique retail property featuring approximately 5,180 square feet of entertainment space and multiple interior rooms that can support uses such as restaurant, retail, office, bar, night club, and special or private events. The building has a brand new roof, recently passed its 40-year inspection, and includes new HVAC throughout.
The property is located east of Biscayne, across from the marina, with exposure to NE 79th Street. There is lots of parking in the front 100 feet of frontage. Public remarks also note that more than 40,000 cars pass by daily. The surrounding area is described as active with new businesses and restaurants, including Shoe Gallery and YAYA restaurant, along with new residential developments.
The property is located east of Biscayne, across from the marina, with exposure to NE 79th Street. There is lots of parking in the front 100 feet of frontage. Public remarks also note that more than 40,000 cars pass by daily. The surrounding area is described as active with new businesses and restaurants, including Shoe Gallery and YAYA restaurant, along with new residential developments.
Key Highlights
- Freestanding unique retail building with multiple rooms for dining, retail, office, bar, and special/private events
- 5,180 SF entertainment space in a 1‑story CBS building with shingle roof
- 10 offices and central individual cooling with electric heating
Local 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 | $331.1k | $63.96 |
| − Vacancy | −$5.0k | −$0.96 |
| EGI | $326.2k | $63.00 |
| − OpEx | −$81.5k | −$15.75 |
| NOI | $244.6k | $47.25 |
5,177 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.49M
$3.06M – $4.08M
NOI $244,616 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
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
Night clubs
Similar For Sale Nearby
Similar Off Market Nearby
- 5am Bar — 79 Stcy &, E Treasure Dr, North Bay Village, FL 33141
FAQs
What type of property is this?
Night club - Freestanding building with multiple rooms for dining, retail, office, bar, and private event use.
Where is this night club located?
The property is located at 777 Northeast 79th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Freestanding unique retail building with multiple rooms for dining, retail, office, bar, and special/private events; 5,180 SF entertainment space in a 1‑story CBS building with shingle roof; 10 offices and central individual cooling with electric heating
