4600 2Nd AveMiami, FL 33137

Property Details for 4600 2Nd Ave

Year built

1925

Construction

CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

8,545 SF

Zone code

3901:KING HTS ORCHARD VI

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-3124-017-1110

APU

131240171110

Description

This fully equipped, 820 square foot restaurant space is available for lease in Miami's Design District, at 4600 NE 2nd Ave, Space #11, Miami, FL 33137. Located between Upper Buena Vista and the Design District, this storefront offers exceptional visibility and accessibility in a high-traffic area. The property, built in 1925, includes a grease trap and essential restaurant equipment, representing a turnkey opportunity for immediate operation. The lease is priced at $7,250 per month (NNN), with a $85,000 key money requirement. The building totals 8,545 square feet and offers approximately 1.17 parking spaces per 1,000 square feet. Conveniently located near NE 46th St, this location provides easy access to both downtown Miami and Miami Beach (5-10 minute drive to each), and is within a 5-10 minute drive of the airport. This single-tenancy space presents a rare opportunity to establish or expand a restaurant business in one of Miami's most desirable and dynamic neighborhoods, attracting a diverse and upscale clientele. The property's strategic positioning ensures excellent visibility and accessibility, making it an ideal location for a thriving restaurant.

• CAP approach

  CAP return

  Valuation

  6%

  $6,874,372

  6.5%

  $6,345,574

  7%

  $5,892,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,070,885

  Geo Method

  $5,070,885

• Alternative Use

  Use

  Valuation

  Residential

  $6,345,574

  Hospitality

  $5,812,512

  Educational

  $4,835,942

  Medical

  $5,002,257

  Retail

  $7,522,576

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8181

Longitude

-80.1918

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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