RARE COMBINED RE BUSINESS CORAL WAY CORNER LOT W 4COP LICENSE amp ; T6 8 O ZONING.


Property

Website:https://www.nestseekers.com/5412563
Address:
Miami, FL 33133
Ownership: Self Proprietor-Individual
Type: Retail
Lot Size: 0.2 Acres

Financials

Price:$2,350,000
Annual Taxes:$15,694

Description

RARE COMBINED RE + BUSINESS — CORAL WAY CORNER LOT W/ 4COP LICENSE & T6-8-O ZONING. Turnkey investment: fee-simple ownership of 2,740 SF freestanding retail building on 0.15 AC corner lot PLUS fully operational Royal Liquors — 16+ yr established liquor store with quota-restricted 4COP full liquor license ($200K-$250K standalone value). T6-8-O ZONING ALLOWS UP TO 8 STORIES — massive redevelopment potential for mixed-use on this corner site. 160 LF dual frontage (106' on 26th St + 54' on 37th Ave), 8 parking spaces, 90/100 walk score. Asking $771/SF — 13.3% BELOW Coral Way submarket median of $889/SF. Annual revenue ~$1M+ (POS), adjusted SDE $120K-$220K, cap rate 5.14%-9.36% vs 5.4% submarket avg. Includes 2 living units (3/2) providing additional income potential. Sale includes: real estate, business operations, 4COP license, all FF&E, walk-in coolers, commercial freezers, POS system, signage. Inventory ~$352K at cost negotiated separately. Currently absentee-run — significant upside for active owner-operator. Zero new retail construction in submarket pipeline. Previous sale $1.1M (2021) — 113.6% appreciation. 15 min walk to Douglas Road Metrorail. Full buyer's packet with financials, SDE reconstruction, cap rate analysis & 13 comps available with executed NDA. Contact Daniel Hidalgo-Sandoval 786.600.5069 | daniel@fortmark.net

Amenities

  • Fenced
  • Other
  • SecuritySystem
  • SmokeDetectors
  • StormSecurityShutters

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of FortMark, LLC