Current Use by Public Records
- Retail properties & Spaces
Property Details for 11720-11740 2Nd Ave
- Year built
- 1956
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional Miami property presents a compelling value-add opportunity, currently housing the beloved Mama Jennie's Italian Restaurant, a local institution operating for over four decades. The 40,329 square foot site comprises four parcels and includes two buildings: a 3,859 square foot restaurant with a fully permitted kitchen and bar, and a 628 square foot structure used for office and storage. Built in 1956, this property offers significant upside potential. Under Miami-Dade County's Live Local Act, the site is zoned to allow for substantial development, potentially including up to 250 residential units per acre for workforce housing, complemented by ground-floor retail space. This presents a rare chance to acquire a thriving restaurant business alongside substantial development potential in a prime Miami location. The asking price is $3,750,000. The property is located at 11720-11740 NE 2nd Ave, Miami, FL 33161, in Miami-Dade County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1947
- Latitude
- 25.883
