5700 Biscayne BlvdMiami, FL 33137

Property Details for 5700 Biscayne Blvd

Year built

2022

Construction

CONCRETE

Lot size

2.27 AC

Property size (Sq ft)

519,775 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail residential properties

APN

01-3218-038-0330

APU

132180380330

Description

This exceptional retail and restaurant space, totaling 9,419 square feet, is located at 5700 Biscayne Boulevard in Miami's vibrant MiMo District. Three spaces are available, ranging from 971 to 6,200 square feet, offering flexibility for various concepts. One notable 2,248 square foot space includes a covered outdoor terrace, perfect for a restaurant. The property benefits from its location within The Boulevard, a 284-unit residential building with established restaurants and retail, ensuring a built-in customer base. High visibility is guaranteed due to its prime Biscayne Boulevard location, experiencing approximately 75,000+ daily traffic counts. Excellent access to major expressways, I-195 and I-95, provides easy connectivity throughout Miami. The property's proximity to the Miami Design District, Wynwood, Midtown, Magic City Innovation District, and Miami Beach further enhances its appeal and potential. The zoning is T6-8-O, suitable for a variety of uses including art galleries, boutiques, and creative businesses. All square footages are approximate and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $381,369,000

  6.5%

  $352,033,000

  7%

  $326,888,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $202,981,000

  Geo Method

  $202,981,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $676,855,000

  Retail / Commercial

  $350,552,000

  Hospitality / Lodging

  $261,830,000

  Office

  $352,785,000

  Institutional / Educational

  $366,948,000

  Residential Income

  $429,329,000

  Multifamily

  $499,779,000

  Automotive / Energy

  $314,527,000

  Parking / Income-Based Land

  $105,842,000

  Restaurant / Food Service

  $188,922,000

  Healthcare / Senior Housing

  $358,203,000

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8286

Longitude

-80.1865

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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