For Sale
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15500 29Th StMiramar, FL 33027

Prime 17,500 SF restaurant, vacant, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity presents a vacant, 17,500-square-foot Class A restaurant building situated on a 2.745-acre lot in Miramar, Florida. The property boasts a prime location adjacent to the Fountains of Miramar, a high-traffic shopping center, ensuring excellent visibility from Miramar Parkway (approximately 58,000 vehicles per day) and I-75 (approximately 150,000 vehicles per day). The 11,500 square-foot net rentable space is zoned B-2, allowing for flexible redevelopment or repositioning options, including potential mixed-use development. Built in 2011, the single-story building features a covered lakefront deck spanning approximately 6,073 square feet, complete with a fire pit lounge area. The property benefits from strong retail synergy with nearby national retailers such as Home Depot, Marshalls, HomeGoods, and others, attracting over 750,000 annual visitors to the Fountains of Miramar. The affluent surrounding area boasts over 313,000 residents within a 5-mile radius, with an average household income exceeding $112,000. Easy access to major roadways, including Miramar Parkway, Florida's Turnpike, I-75, and I-95, further enhances the property's appeal. The asking price per square foot is $520. This is a rare opportunity to acquire a substantial restaurant space in a high-demand location with significant redevelopment potential. The property includes 167 surface parking spaces with shared use. The previous tenant operated a full-service restaurant and bar, and all existing fixtures, furniture, and equipment are included in the sale. The property also includes existing licenses (4COP/SFS).

Highlights

  • Rare 17,550 SF turnkey restaurant/bar with all FF&E and licenses (4COP/SFS).
  • 2.74-acre lakefront property with 6,073 SF covered deck and fire pit, offering high visibility from Miramar Parkway (58,000 VPD) and I-75 (150,000 VPD).
  • Affluent Miramar location near the Fountains of Miramar, with over 313,000 residents within 5 miles and an average household income of $112,000.
  • B-2 zoning allows for redevelopment or repositioning.
  • Excellent access to Miramar Parkway, Florida's Turnpike, I-75, and I-95.
  • High-traffic location adjacent to a power center anchored by Home Depot, Marshalls, and other national retailers, attracting over 750,000 annual visitors to the Fountains of Miramar.

Property Details for 15500 29Th St

Property type
Specialty properties, Retail properties
Square Feet
17,500 SF
Class
A
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
119,572 SF

Location Insight

City
Miramar
County
Broward
State
Florida
Latitude
25.9826732
Longitude
-80.3531189
15500 29Th St, Miramar, Florida

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15500 29Th St
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