Contacts
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Marcelo L. Merlo
Global Investment Properties
Property Details
- Property Type Retail - Restaurant
- Property Size 6,384 SF
- Lot Size 10,700 SF
- Cap Rate % 6
- NOI / YR 542640
- Additional Rent Contact for pricing
- Year Built 2017
- Date Updated Jul 17, 2024
Discover a unique investment opportunity in South Miami, near US-1 and the University of Miami. This standalone, multi-tenant building is in the City's Specialty Retail—Hometown District Overlay. Covering 6,384 SF on a 10,700 SF lot, it boasts a Floor Area Ratio (FAR) of 1.6 and permits up to 4 stories.The property features two fully equipped, second-generation restaurant spaces with complete kitchens, hood-vent systems, and walk-in coolers. An inviting outdoor courtyard enhances open-air dining. Located in an Opportunity Zone, it allows for extended operations until 4 AM without on-site parking requirements.For investors, leasing at market rates of $85.00 NNN would generate a Net Operating Income (NOI) of $542,640 and a 6% Cap Rate.
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Getting around
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Walk Score ®
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Bike Score ®
Location
- City South Miami, FL
- Neighborhood Coopers - Carvers
- Zip Code 33143
- Market Miami
Points of Interest
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South Miami
0.06 miles
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Dadeland North
1.39 miles
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Dadeland South
2.10 miles
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3
6.40 miles
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2
6.43 miles
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1
6.51 miles
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Miami Intermodal Center
6.62 miles
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Financial District
7.07 miles
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Eighth Street
7.36 miles
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Fifth Street
7.45 miles
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ChargePoint
0.29 miles
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Chevron
0.32 miles
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Shell
0.94 miles
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BP
1.37 miles
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Mobil
2.04 miles
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Chevron
2.14 miles
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Shell
2.19 miles
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Dockside
2.40 miles
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Shell
2.61 miles
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Marathon
2.80 miles
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Shake Shack Parking
0.51 miles
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University Village Scodella Garage
0.54 miles
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University Village Albenga Garage
0.68 miles
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Ponce de Leon Garage - University of Miami
0.69 miles
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Lot 431 (Yellow)
0.85 miles
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Lot 425-S (Yellow)
0.85 miles
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University Metrorail Park-and-Ride
0.87 miles
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Lot 425-N (Yellow)
0.99 miles
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Merrick Garage
1.13 miles
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Lot 307 (Pink)
1.16 miles
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Sushi Maki
0.06 miles
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Einstein Bros. Bagels
0.15 miles
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Popeyes
0.25 miles
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Swensen's
0.29 miles
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Fiola Miami
0.35 miles
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McDonald's
0.38 miles
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Five Guys
0.39 miles
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Shake Shack
0.53 miles
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Chipotle
0.57 miles
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Hecht-Stanford Dining Hall
0.92 miles
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Sunset Place
0.13 miles
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Winn-Dixie
0.16 miles
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Whole Foods Market
0.22 miles
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Publix
0.44 miles
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Wild Fork Foods
1.06 miles
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Target
1.34 miles
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Ross
1.56 miles
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JCPenney
1.66 miles
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Macy's
1.74 miles
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Dadeland Mall
1.84 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
![broker]( https://cdn.commercialsearch.com/ILSContent/Images/no_broker_photo_sm.png?width=96)
Marcelo L. Merlo
Global Investment Properties