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$ 8,900,000
Est. payment | /mo
13,129 SqFt
$ 8,900,000
Est. payment | /mo
13,129 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 13,129 sqft
Price per Sqft $677
MLS Listing ID A11850778
Style Detached
HOA Y/N No
Year Built 1941
Annual Tax Amount $11,816
Lot Size 0.964 Acres
Property Sub-Type Business
Property Description
Prime Mixed-Use Redevelopment – 728 NW 79th St, Miami, FL
Rare covered land play with immediate cash flow and major redevelopment upside in Miami's booming NW 79th St corridor. ±42,000 SF across 7 folios with NCUAD + T5-O zoning, Live Local Act eligible, and Opportunity Zone designation. Includes 175+ parking spaces and rare 4COP liquor license.
Currently operating nightclub/bar/restaurant generating $547,200 Yearly Net Income NOI 6%+ with pro forma 20%+. Potential to build 300–500 units with up to 13 stories, ground-floor retail, and 2–3 parking levels.
Flexible Seller financing available. Excellent location with 189' frontage and direct I-95 visibility. Perfect for developers seeking density and value-add upside.
Rare covered land play with immediate cash flow and major redevelopment upside in Miami's booming NW 79th St corridor. ±42,000 SF across 7 folios with NCUAD + T5-O zoning, Live Local Act eligible, and Opportunity Zone designation. Includes 175+ parking spaces and rare 4COP liquor license.
Currently operating nightclub/bar/restaurant generating $547,200 Yearly Net Income NOI 6%+ with pro forma 20%+. Potential to build 300–500 units with up to 13 stories, ground-floor retail, and 2–3 parking levels.
Flexible Seller financing available. Excellent location with 189' frontage and direct I-95 visibility. Perfect for developers seeking density and value-add upside.
Location
State FL
County Miami-dade
Area 31
Exterior
Total Parking Spaces 175
Private Pool Yes
Building
Story 3
Architectural Style Detached
Others
Tax ID 30-31-11-035-0040
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11850778
Listed by Campos Commercial Real Estate LLC