7416 Biscayne Boulevard WayMiami, FL 33138

Property Details for 7416 Biscayne Boulevard Way

Year built

1949

Property size (Sq ft)

2,989 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8434

Longitude

-80.1847

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