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    OFF-MARKET
    Turn key restaurants

    7931 Biscayne Blvd, Miami, FL 33138-4618

    1,144 SF 0.06 ac lot Built 1949
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US18-4629941
    Property summary
    AI-generated overview

    This exceptional free-standing retail building is situated on a hard-corner lot at the high-traffic intersection of Biscayne Boulevard and NE 79th Street in Miami's Little River neighborhood. Boasting nearly 70,000 average daily vehicles passing by, this 1,115 square foot property offers unparalleled visibility and exposure for any business. The 0.06-acre lot provides ample space for customer parking and signage. Previously occupied by a national tenant, Metro by T-Mobile, the property is currently available for immediate occupancy by an end-user or presents a compelling investment opportunity for a new tenant. The flexible nature of the tenancy allows for a fresh start with a new lease at market rates, providing significant potential for rental income growth. This prime location in a rapidly developing area of Miami makes this a rare opportunity to acquire a high-visibility retail space in a thriving market. The building's strategic placement ensures maximum exposure to a large and diverse customer base, making it ideal for a wide range of retail businesses. This is a turnkey solution for an owner-occupier or a savvy investor seeking a strong return on investment in a high-demand location. The asking price is $1,295,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1949
    Construction CONCRETE
    Total area 1,144 SF
    Lot 0.06 ac (2,500 SF)
    Zoning code 6100:COMMERCIAL,NEIGHBRHD
    APN 01-3207-016-3410
    UPID US18-4629941
    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
    • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Pinero Real-estate LLC · 14 yrs held
    Pinero Real-estate LLC
    since 2011
    7 recorded transactions
    2023
    2022
    2021
    2020
    2017
    2011
    $450,000
    2004
    Zoning & alternative use
    6100:COMMERCIAL,NEIGHBRHD · Miami, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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