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    Property profile & analytics
    OFF-MARKET Estimated value $1,685,000
    Retail residential properties

    4600 2nd Ave, Miami, FL 33137-3441

    8,545 SF 0.26 ac lot Built 1925
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US18-3227119
    Property summary
    AI-generated overview

    This fully equipped, 820 square foot restaurant space is available for lease in Miami's Design District, at 4600 NE 2nd Ave, Space #11, Miami, FL 33137. Located between Upper Buena Vista and the Design District, this storefront offers exceptional visibility and accessibility in a high-traffic area. The property, built in 1925, includes a grease trap and essential restaurant equipment, representing a turnkey opportunity for immediate operation. The lease is priced at $7,250 per month (NNN), with a $85,000 key money requirement. The building totals 8,545 square feet and offers approximately 1.17 parking spaces per 1,000 square feet. Conveniently located near NE 46th St, this location provides easy access to both downtown Miami and Miami Beach (5-10 minute drive to each), and is within a 5-10 minute drive of the airport. This single-tenancy space presents a rare opportunity to establish or expand a restaurant business in one of Miami's most desirable and dynamic neighborhoods, attracting a diverse and upscale clientele. The property's strategic positioning ensures excellent visibility and accessibility, making it an ideal location for a thriving restaurant.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1925
    Construction CONCRETE
    Total area 8,545 SF
    Lot 0.26 ac (11,200 SF)
    Zoning code 3901:KING HTS ORCHARD VI
    APN 01-3124-017-1110
    UPID US18-3227119
    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
    • Paletabrand Grocery & Convenience Store Specialty Food Shop
    • United House of Prayer For All People Church Mosque
    • Dulce Pastel Bakery Specialty Food Shop
    • Cooped Miami Take-out & Catering
    • Tyga Bites Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.36M
    Blend (final) Blend
    $1.69M
    Owner & transaction history
    Design District 4600 INC · 7 yrs held
    Design District 4600 INC
    since 2018
    3 recorded transactions
    2018
    2010
    $450,000
    2005
    Zoning & alternative use
    3901:KING HTS ORCHARD VI · Miami, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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