For Sale
$1,950,000

7416 Biscayne Boulevard WayMiami, FL 33138

Prime Miami location, 3 tenants, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Miami retail property, located at 7416 Biscayne Boulevard in the vibrant MiMo District, offers 2,989 square feet of gross leasable space across three tenant bays. The property includes a fully equipped, second-generation restaurant with a sizable 3,000 square foot backyard featuring outdoor seating. Boasting 100% occupancy and a 6.00% pro-forma cap rate, this investment opportunity is priced at $1,950,000 ($652.39/sq ft). The single-building property sits on a 7,500 square foot lot and was built in 1949. Recently completing its 40-year building recertification, it's in excellent condition and zoned T5-O. Its prime Biscayne Boulevard location provides easy access to Downtown Miami, Miami Beach, and major highways, ensuring high visibility and strong tenant demand. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a rapidly growing area of Miami. The gross lease structure simplifies management, and the diverse tenancy provides a stable income stream. The existing restaurant, with its outdoor seating area, presents significant potential for continued success or creative redevelopment.

Highlights

  • $1,950,000 asking price for a 2,989 SF retail building in Miami's MiMo District.
  • Gross lease, multi-tenant property with three tenants and 100% occupancy.
  • $652.39 price per square foot, with a pro-forma cap rate of 6.00%.
  • Located at 7416 Biscayne Boulevard, Miami, FL 33138, on a 7,500 SF lot.
  • Includes a fully equipped, second-generation restaurant with a 3,000 SF backyard.
  • Built in 1949, recently completed its 40-year building recertification.

Property Details for 7416 Biscayne Boulevard Way

Property type
Retail properties, Restaurants
Square Feet
2,989 SF
Year Built
1949
Buildings
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8433975
Longitude
-80.1847276
7416 Biscayne Boulevard Way, Miami, Florida

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7416 Biscayne Boulevard Way
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