728 NW 79th St Miami, FL 33150
UPDATED:
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
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
If you have been thinking about selling your home, or are looking to buy your dream home, Jenise welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.