Miami Restaurant on Large Lot | Riverfront | 8401 NW South River Dr
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Miami Restaurant on Large Lot | Riverfront 8401 NW South River Dr
1,638 SF Retail Building Medley, FL 33166 $925,000 ($565/SF)
Investment Highlights
- Grease Trap
- Walk-In Cooler
- Adjacent to Okeechobee Road - 60,000 Vehicles Per Day
- Hood
- Major Exposure
Executive Summary
Prime Opportunity to acquire a turn-key restaurant and parking lot at an affordable price point. The property is located in Medley, a business oriented community home to over 1,800 businesses and a multitude of residents.
This property is ideal for a restaurant user who is looking for a location with high traffic volume.
The property has frontage on River Drive as well as frontage on the river adjacent to Okeechobee Road, which gives the property excellent signage potential. Okeechobee Road sees 60,500 vehicles per day. The property also has easy access to the Palmetto Expressway.
This property is ideal for a restaurant user who is looking for a location with high traffic volume.
The property has frontage on River Drive as well as frontage on the river adjacent to Okeechobee Road, which gives the property excellent signage potential. Okeechobee Road sees 60,500 vehicles per day. The property also has easy access to the Palmetto Expressway.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,638 SF
Building Class
C
Year Built
1968
Price
$925,000
Price Per SF
$565
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
0100
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-3011-002-0350 | Improvements Assessment | $83,908 |
| Land Assessment | $170,800 | Total Assessment | $254,708 |
PROPERTY TAXES
Parcel Number
22-3011-002-0350
Land Assessment
$170,800
Improvements Assessment
$83,908
Total Assessment
$254,708
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Miami Restaurant on Large Lot | Riverfront | 8401 NW South River Dr
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