300 79th St Miami, FL 33138-4860

Property Details for 300 79th St

Year built

1946

Construction

CONCRETE

Lot size

0.17 lot acres

Property size

2,750 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Outlet malls

APN

01-3207-000-0540

APU

132070000540

Description

This exceptional 2,750 square foot retail storefront in Miami's Little River neighborhood presents a compelling value-add investment opportunity. Located on a 7,480 square foot lot at 300 NE 79th St, Miami, FL 33138, this property features three separate suites, two of which are currently vacant. One suite is owner-occupied. The property boasts a private backyard garden and two on-site parking spaces. Recently passing its 40-year recertification, the building is situated in a rapidly developing area, close to the Citadel food hall, Wynwood, Midtown, and the Design District. Its prime location offers easy access to I-95 and the JFK Causeway, benefiting from high daily traffic counts of approximately 26,000 vehicles. The property's T6-8-O zoning allows for significant future development potential, including up to eight stories, 150 units per acre, and a variety of uses such as residential, hotel, office, or mixed-use. The asking price is $1,500,000. Surrounding development projects, including a planned $3 billion mixed-use public housing project, further enhance the property's long-term growth prospects. This presents a unique chance to capitalize on the vibrant growth of Little River. The APN is T6-8-O.