1515 7Th StMiami, FL 33125

Property Details for 1515 7Th St

Year built

2001

Construction

CONCRETE

Lot size

0.56 AC

Property size (Sq ft)

2,620 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Drive through restaurants

APN

01-3135-080-0010

APU

131350800010

Description

This exceptional 2,620-square-foot former Wendy's quick-service restaurant building, situated on a 0.56-acre lot in Miami's Little Havana submarket, presents a unique investment opportunity. Vacant since Q2 2024, the single-tenant building boasts a prime location on NW 7th Street, a major commercial thoroughfare, offering excellent visibility and accessibility. The property benefits from 28 parking spaces and enjoys exceptional frontage along NW 7th Street, with multiple access points. Its strategic location across from Loan Depot Park, home of the Miami Marlins, ensures high traffic volume and exposure. Furthermore, its proximity to major roadways, sports venues, recreational areas, schools, and three major hospitals (within 1.5 miles) provides a strong customer base and significant potential for future development. The surrounding area is densely populated with residential neighborhoods, creating a built-in customer base for any new tenant. The property's zoning is T6 8 O, and the Miami-Dade County APN is 01-3135-080-0010. Built in 2001, this one-story building offers significant potential for a variety of quick-service restaurant or retail uses. The property's size and location make it an ideal investment for those seeking a high-traffic, high-visibility location in a thriving Miami neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $3,325,234

  6.5%

  $3,069,447

  7%

  $2,850,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,527,795

  Geo Method

  $2,527,795

• Alternative Use

  Use

  Valuation

  Residential

  $2,589,194

  Hospitality

  $2,371,688

  Educational

  $1,973,216

  Medical

  $2,041,078

  Retail

  $3,069,447

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7803

Longitude

-80.2208

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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