Property summary
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
VerifiedCap rate & NOI
Current use
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Mobile Phone Store Electronics & Wireless Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 6100:COMMERCIAL,NEIGHBRHD in Miami, FL.
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Find the owner behind the property.
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