Property summary
This exceptional value-add opportunity presents a vacant, 2,756-square-foot retail building situated on a 0.91-acre lot in Miramar, Florida. Previously occupied by Wendy's until Q4 2023, this single-story, 2000-built structure is located at 14900 SW 31st St, 33027, within the Planned Commercial District. The property benefits from a prime location adjacent to the signalized intersection of Miramar Parkway and SW 148th Street, a major commercial corridor with over 58,700 vehicles passing daily. Its proximity to Interstate 75 (0.3 miles) and the Florida Turnpike (3.5 miles) ensures excellent accessibility. The surrounding area boasts a strong commercial cluster including hotels, office buildings, and medical facilities, creating a substantial workforce and customer base. Furthermore, the property is near Miramar Memorial Hospital and numerous national retailers, including Home Depot, Target, and Publix, driving significant traffic. Densely populated residential neighborhoods within close proximity provide a built-in customer base. The versatile Commercial Business (B2) zoning allows for a wide range of uses, including retail, restaurants, and professional offices. Within a 5-mile radius, there are over 332,300 people with an average household income exceeding $125,000, and over 140,500 employees. This property offers significant potential for redevelopment or repurposing in a thriving commercial area. The high daily traffic counts and strong demographics make this a compelling investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B2 · Miramar, FLThis district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Miramar, FL.
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