Vacant Retail/Restaurant | 1180 NW 119th St
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Vacant Retail/Restaurant 1180 NW 119th St
2,768 SF Retail Building Miami, FL 33168 $995,000 ($359/SF)
Investment Highlights
- Vacant Retail / Restaurant / Office
- Current zoning allows for a wide range of retail/commercial uses.
- Surrounding area consists of an array of major national employers, universities, and family housing
- Ideal for an owner user seeking a strategic location for their business
- High traffic location - Average Daily Traffic Count of 35,000 vehicles
Executive Summary
Marcus & Millichap is pleased to exclusively offer the sale of 1180 NW 119th St, FL 33168
The property consists of a 3,516 square ft building on a 7,575 square ft (0.17-acre) lot.
The building is currently vacant. The current lay-out is ideal for retail, restaurant or office use.
The property is ideal for an investor or for an owner user seeking a strategic location for their business in a central, high traffic location in Miami. The current zoning allows for a wide range of retail/commercial uses.
The property lies along the main corridor on NW 119th Street / Gratigny Rd with an average of 35,000 vehicles per day. It offers easy access to I-95, W Dixie Hwy, I-75 and SR 826.
The property presents a unique opportunity for an investor to acquire a value-add opportunity in the heart of North Miami which can benefit from significant capital improvements.
The surrounding area consists of an array of major national employers, universities, and family housing, with nearby developments soon to follow.
The property consists of a 3,516 square ft building on a 7,575 square ft (0.17-acre) lot.
The building is currently vacant. The current lay-out is ideal for retail, restaurant or office use.
The property is ideal for an investor or for an owner user seeking a strategic location for their business in a central, high traffic location in Miami. The current zoning allows for a wide range of retail/commercial uses.
The property lies along the main corridor on NW 119th Street / Gratigny Rd with an average of 35,000 vehicles per day. It offers easy access to I-95, W Dixie Hwy, I-75 and SR 826.
The property presents a unique opportunity for an investor to acquire a value-add opportunity in the heart of North Miami which can benefit from significant capital improvements.
The surrounding area consists of an array of major national employers, universities, and family housing, with nearby developments soon to follow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,768 SF
Building Class
C
Year Built
1951
Price
$995,000
Price Per SF
$359
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Land Acres
0.17 AC
Opportunity Zone
Yes
Zoning
BU-1
Parking
5 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
80 FT on NW 119th St
Amenities
- Bus Line
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 30-2135-021-0060 | Improvements Assessment | $98,691 |
| Land Assessment | $265,125 | Total Assessment | $363,816 |
PROPERTY TAXES
Parcel Number
30-2135-021-0060
Land Assessment
$265,125
Improvements Assessment
$98,691
Total Assessment
$363,816
-
Matt Yelken -
Marcus & Millichap
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Vacant Retail/Restaurant | 1180 NW 119th St
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