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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23175 Naranja Rd Miami, FL 33170

Built 1939
Property ID
Property summary
AI-generated overview

This exceptional 1.05-acre property, located at 23175 Naranja Rd, Miami, FL 33170, presents a unique investment opportunity. The completely renovated 1939 building boasts a thriving convenience store, a fully licensed event venue, and modern two-bedroom, one-bathroom living quarters above. Situated on a busy intersection in the Redlands, this versatile property is ideal for both owner-operators and investors. The air-conditioned market features a smoothie bar and showcases local artisan goods. Modern amenities include updated his and her restrooms, two oversized septic systems, ample parking, and covered outdoor seating areas provided by front and rear pergolas. A lush tropical courtyard and a family-friendly playground enhance the property's appeal. Recent improvements include new impact windows and doors, a new air conditioning system, and a new metal roof. The property benefits from an agricultural exemption. This turnkey operation includes all necessary licenses for catering and beverage service. The property's diverse income streams and prime location make it a highly attractive investment prospect. The combination of retail, event space, and residential components offers significant potential for growth and profitability. This is a rare opportunity to acquire a well-established and highly profitable business in a desirable Miami location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Resplandor Ranch quesadillas Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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