Retail MiMo District Building | 7416 Biscayne Blvd
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Retail MiMo District Building 7416 Biscayne Blvd
2,989 SF 100% Leased Retail Building Miami, FL 33138 $1,950,000 ($652/SF)
Investment Highlights
- Traffic Count: 36,500 AADT within MiMo district with connectivity to downtown, Miami Beach, and major highways.
Executive Summary
7416 Biscayne Blvd is a retail/flex 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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,989 SF
Building Class
C
Year Built
1949
Price
$1,950,000
Price Per SF
$652
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.17 AC
Zoning
T5-O - Retail, Office, Multi-Family, Hotel
Parking
15 Spaces
Frontage
45 FT on Biscayne Blvd
Walk Score®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3207-040-1550 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $976,673 |
PROPERTY TAXES
Parcel Number
01-3207-040-1550
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$976,673
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Retail MiMo District Building | 7416 Biscayne Blvd
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