Miami, FL

700 NW 79th St, Miami FL 33150

$1,700,000

Key Details

Status
Active
Property Type
Special Purpose
Year Built
1955

Overview

IMPORTANT HARD CORNER on two major intersecting corridors in a major developing neighborhood, nw 79 st and nw 7 ave. Both streets each individually have average daily traffic counts of 25,000. Site totals 9,366sf of T5-O mixed use commercial land, with a 2,388sf building on it which currently has a NNN lease with a major check cashing store. Current cap is nearly 6%,potential to generate $90k/year net and runs to 2025. Adjacent 36k sf assemblage available for sale. SB102 zoning allows virtually unlimited density, and height up to 12 stories, with some conditions. Tenant has expressed interest to stay at this location.

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