1305 79Th StMiami, FL 33147

This exceptional mixed-use property, located at 1305 NW 79th St, Miami, FL 33147, presents a unique investment opportunity. The 3,149 square foot building sits on a 18,199 square foot lot and boasts a UCMCS zoning designation, permitting six-story development. Recently renovated in 2024, the property features a new metal roof, fresh interior and exterior paint, a brand-new restroom, and a new metal fence. The electrical infrastructure has also been completely upgraded. A 2021 Derm Phase 1 Environmental Assessment revealed no environmental concerns. The single-story concrete block structure is situated in the Miami Central Urban Development District, just one mile west of I-95, on a heavily traveled section of 79th Street, near two apartment complexes. Previous leases averaged $13,000 per month, suggesting a potential gross annual cap rate of approximately 8%. The property includes four parcels and has prior business certificates of use for restaurant, mechanical, and auto sales. The building is currently vacant, offering a blank canvas for a creative investor seeking to maximize its potential. The property's prime location and recent renovations make it an attractive option for a variety of uses, from retail to multi-family development. The asking price is $2,200,000.