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    300 21 St Miami Beach, FL 33139

    For Lease
    $5 SF/Yr

    Prime location, 27,412 sq ft, two terraces.

    Lot size:
    27,412 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 27,412 square foot restaurant, located within a hotel, presents a unique investment opportunity. The property boasts a captivating Art Deco design, enhanced by its setting on a palm tree-lined street. The restaurant's interior is elegantly designed within the hotel lobby, creating an inviting atmosphere for diners. Adding to its appeal are two outdoor terraces, offering al fresco dining options with ample outdoor exposure. The restaurant's prime location provides easy access to the ocean, a mere five-minute walk away. Its strategic position also places it directly across the street from Soundscape Park and The Fillmore, offering patrons convenient access to vibrant local entertainment and cultural attractions. The property is zoned 4000 and has a single tenant occupancy within a single-suite building (APN: 02-32-26-001-0170). This turnkey operation offers a blend of sophisticated ambiance, convenient location, and proximity to cultural hotspots, making it an attractive proposition for discerning investors.

    Property Features for 300 21 St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,412 SF

    Unit(s) available at that property

    Space
    Size
    27,412 SF
    Rate per SF
    $5

    HighLights

    • Restaurant property, single‑tenant occupancy.
    • 27,412 square feet.
    • Zoned 4000.
    • Located within a hotel, featuring indoor and two outdoor terrace dining areas.
    • Oceanfront location within a 5‑minute walk.
    • Across the street from Soundscape Park and The Fillmore.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotel Abbey south ... Hotel Beyond Pet Sitting Dog Walker Sonder | The Abbey Hotel Isla & Co Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1300281
    Latitude
    25.7966718

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 27,412 sq ft, two terraces.
    Where is this restaurant located?
    The property is located at 300 21 St Miami Beach, FL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Restaurant property, single-tenant occupancy.; 27,412 square feet.; Zoned 4000.
    Request Owner's contact information
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    Miami Beach, FL 33139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 21 St Miami Beach, FL 33139
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