For Sale
$3,750,000

11720-11740 2Nd AveMiami, FL 33161

Prime Miami location, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami property presents a compelling value-add opportunity, currently housing the beloved Mama Jennie's Italian Restaurant, a local institution operating for over four decades. The 40,329 square foot site comprises four parcels and includes two buildings: a 3,859 square foot restaurant with a fully permitted kitchen and bar, and a 628 square foot structure used for office and storage. Built in 1956, this property offers significant upside potential. Under Miami-Dade County's Live Local Act, the site is zoned to allow for substantial development, potentially including up to 250 residential units per acre for workforce housing, complemented by ground-floor retail space. This presents a rare chance to acquire a thriving restaurant business alongside substantial development potential in a prime Miami location. The asking price is $3,750,000. The property is located at 11720-11740 NE 2nd Ave, Miami, FL 33161, in Miami-Dade County.

Highlights

  • $3,750,000 asking price.
  • Miami, FL retail property.
  • Restaurant subtype; two 1-story buildings totaling 4,487 SF.
  • Built in 1956, sits on a 40,329 SF lot.
  • Significant redevelopment potential under Miami-Dade County's Live Local Act, allowing for up to 250 residential units per acre.

Property Details for 11720-11740 2Nd Ave

Property type
Retail properties, Restaurants
Year Built
1956
Buildings
2
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8830111
Longitude
-80.194691
11720-11740 2Nd Ave, Miami, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11720-11740 2Nd Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message