300 79Th StMiami, FL 33138

  • Retail properties
  • 2,750 SF
For Sale
$1,500,000 View listing

Property Details for 300 79Th St

Year built
1946
Construction
CONCRETE
Lot size
0.17 AC
Property size (Sq ft)
2,750 SF
Zone code
6100:COMMERCIAL,NEIGHBRHD
Property type
Retail properties
Property subtype
Outlet malls
APN
01-3207-000-0540
APU
132070000540

Description

This exceptional 2,750 square foot retail storefront in Miami's Little River neighborhood presents a compelling value-add investment opportunity. Located on a 7,480 square foot lot at 300 NE 79th St, Miami, FL 33138, this property features three separate suites, two of which are currently vacant. One suite is owner-occupied. The property boasts a private backyard garden and two on-site parking spaces. Recently passing its 40-year recertification, the building is situated in a rapidly developing area, close to the Citadel food hall, Wynwood, Midtown, and the Design District. Its prime location offers easy access to I-95 and the JFK Causeway, benefiting from high daily traffic counts of approximately 26,000 vehicles. The property's T6-8-O zoning allows for significant future development potential, including up to eight stories, 150 units per acre, and a variety of uses such as residential, hotel, office, or mixed-use. The asking price is $1,500,000. Surrounding development projects, including a planned $3 billion mixed-use public housing project, further enhance the property's long-term growth prospects. This presents a unique chance to capitalize on the vibrant growth of Little River. The APN is T6-8-O.

300 79Th St, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.8474
Longitude
-80.1908
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,858
$748,000
$139,706
$887,706
-
$748,000
$139,706
$887,706

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