For Sale
$3,750,000

11720 2Nd AveMiami, FL 33161

Prime Miami location, high visibility, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Miami Shores property, located at 11720-11740 NE 2nd Ave, offers a unique blend of immediate income and significant long-term development potential. Currently housing the established Mama Jennie's Italian Restaurant, the 40,329 square foot site includes a 3,859 square foot restaurant building with a fully permitted kitchen and bar, plus a 628 square foot office/storage structure. The property boasts approximately 25 surface parking spaces and benefits from high visibility, with an estimated 7,200 daily drivers passing by. Its location adjacent to Barry University and Miami Country Day School provides excellent access to a substantial population base. Zoned BU-1, the site presents a compelling opportunity under Miami-Dade County's Live Local Act, potentially supporting up to 250 residential units per acre for workforce housing, along with ground-floor retail. This presents a strong value-add opportunity for an operator or developer seeking a prime location in a thriving Miami neighborhood. The asking price is $3,750,000, translating to $92.99 per square foot. Seller financing is available.

Highlights

  • Highly desirable location with strong foot traffic and excellent accessibility, ideal for redevelopment.
  • Prime location adjacent to Barry University and Miami Country Day School in Miami Shores, catering to a strong local community.
  • Approximately 25 surface parking spaces.
  • High visibility with 7,200 daily drivers; opportunity for owner-user or redevelopment; spacious interior with fully equipped kitchen; BU-1 zoning allows for redevelopment.

Property Details for 11720 2Nd Ave

Property type
Specialty properties
Square Feet
40,329 SF

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.883022785889
Longitude
-80.19428969744
11720 2Nd Ave, Miami, Florida

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11720 2Nd Ave
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