Retail Mimo District Building

$1,950,000

7416 Biscayne Boulevard, Miami, FL 33138

For Sale

Mixed Use Office/Retail

Active

Last Updated: 09/06/2024

Details:

Pro Forma Cap Rate : 6%

Building Size: 2,989 sqft

Lot Area: 7,500 sqft

Lease Type: Modified Gross

Year Built: 1949

Zoning: T5-O

Tenancy: Multiple

Offered by

Tatiana Escobar

Vice President of Operations

APEX Capital Realty LLC

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Adriano Salucci

Sales Associate

APEX Capital Realty LLC

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Description:

7416 Biscayne Blvd is a retail building located in the heart of Miami’s MiMo District, with a total of three (3) retail/office bays totaling just under 3,000 SF of Gross Leasable Space. Furthermore, the property includes a fully equipped & second generation restaurant that includes an
approximately 3,000 SF backyard outfitted with seating for customers to enjoy.

The inclusion of a fully equipped and updated 2nd generation restaurant within the property, along with a spacious backyard for customer seating, adds significant value and potential to the overall property.

Situated along Biscayne Blvd, this property occupies a prime location within the bustling MiMo district, offering excellent connectivity to Downtown, Miami Beach, and major highways. Moreover, the property has successfully completed its 40-year building recertification process as mandated by the City of Miami and in excellent condition.