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50 Biscayne Blvd Miami, FL 33132

Prime Biscayne Blvd location, vacant, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional retail condo, located at 50 Biscayne Blvd in Downtown Miami, offers a unique value-add investment opportunity. The property comprises three units totaling 13,075 square feet, with individual unit sizes ranging from 1,700 to 8,500 square feet. Currently vacant, this space presents a blank canvas for a variety of retail uses. Previously occupied by a full-service restaurant and bar, the property boasts a stunning vanilla shell interior with approximately 24-foot ceilings, offering significant design flexibility. The prime corner location at Biscayne Boulevard and Flagler Street, directly across from Bayfront Park, ensures exceptional visibility and foot traffic. The property benefits from over 500 municipal parking spaces within a one-block radius, enhancing convenience for customers. With a pro-forma NOI of $720,000, this property represents a compelling investment opportunity in a thriving downtown Miami location. The units can be sold separately. The net operating expenses are $16 per square foot.

Highlights

  • Former full-service restaurant/bar with existing shell space.
  • High-profile location in Downtown Miami at Biscayne Boulevard & Flagler Street.
  • Abundant parking: over 500 spaces within one block, plus street meters.
  • High foot traffic area: over 16 million annual visitors to Greater Miami.
  • High ceilings: approximately 24 feet in most areas.
  • Three units (CU 1-2-3) available for individual sale.

Property Details for 50 Biscayne Blvd

Property type
Retail properties
Square Feet
1,700 SF
Units
3

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.774330790875
Longitude
-80.187747755613

FAQs

What type of property is this?
Retail property - Prime Biscayne Blvd location, vacant, value-add opportunity.
Where is the retail property located?
The property is located at 50 Biscayne Blvd Miami, FL.
What are key features of this property?
This property features: Former full-service restaurant/bar with existing shell space.; High-profile location in Downtown Miami at Biscayne Boulevard & Flagler Street.; Abundant parking: over 500 spaces within one block, plus street meters.
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.
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50 Biscayne Blvd
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