701-709 NE 79th St Miami, FL ^$ 3,450,000

701-709 NE 79th St

^$ 3,450,000

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701-709 NE 79th St

Miami, FL, 33138

^$ 3,450,000

Studio Baths0.0 Sq 2,630

Monthly Estimate*

^$ 24,099

701-709 NE 79th St, Miami, FL 33138 - Image 1

701-709 NE 79th St, Miami, FL 33138 - Image 2

701-709 NE 79th St, Miami, FL 33138 - Image 3

701-709 NE 79th St, Miami, FL 33138 - Image 4

701-709 NE 79th St, Miami, FL 33138 - Image 5

701-709 NE 79th St, Miami, FL 33138 - Image 6

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701-709 NE 79th St, Miami, FL 33138 - Image 9

701-709 NE 79th St, Miami, FL 33138 - Image 10

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Studio

Commercial Property for sale in Miami, FL

for $3,450,000. This 2,630 square foot building was built in 1944 on a lot size of 0.402801.

Introducing the rare opportunity for an F&B operator or bullish neighborhood investor to acquire a storied entertainment establishment on Little River’s vibrant NE 79th Street corridor. Historically operated by popular local nightlife staple The Anderson, the property boasts the “oldest liquor license in Miami” in addition to its creative build-out, full kitchen, and billboard for supplemental income generation.

Commercial Active

Price

^$ 3,450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 29,076

Style

Business

Lot Size

0.402801

Year Built

1944

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11496952

Features

Exterior

Parking Features FreeParking OnStreet Valet

Lot Size Area 17546.0

Spa N

Building Area Total 2630.0

Lot Size Units SquareFeet

Covered Spaces 0.0

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1944

Property SubType Business

Business Type Restaurant

County Miami-Dade County

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

City Miami

Buyer Agent Compensation 2%

View Y/N N

Senior Community Y/N N

Zoning Description 6101

MLS Area 27

Lot Size Square Feet 17546.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 79th St

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 29076.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11496952

Days on Market 119

Structure Type Retail

Standard Status Active

Occupancy Description CallAgent

Legal Description COMML SHORE CREST PB 17-16 LOTS 24 TO 27 INC BLK A AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 100.000 X 100 OR 18

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 701

* Excluded Features

List By

The Alpha Commercial Advisors Llc

Broker

jamie@thealphacomm.com

Affordability Calculator

$26,522

Per Month

Monthly Principal & Interest: $24,099
Monthly Property Taxes: $2,423
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Miami, FL

Average List Price ^$2,225,240

Percent of Sale Price 36%

About Miami, FL

450,829 Population

25% Since 2002

^$39,267 Median Income

40.58 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

292769 Elementary School

292996 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/18/2024	$3,450,000	-5.48%	Price Down
1/31/2024	$3,650,000	-2.67%	Price Down
12/6/2023	$3,750,000		Listed Price

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701-709 NE 79th St, Miami, FL, 33138 is a Commercial Property for sale at $3,450,000 with 2,630 sqft and a lot size of 0.402801. 701-709 NE 79th St is a studio with 0.0 baths and was built in 1944. The property's zip code is 33138 which is in Miami, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to the real estate for sale on this web site comes in part from the Realtor Association of Greater Miami and the Beaches.

The information being provided is for consumers'personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

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701-709 NE 79th St

Commercial Property for sale in Miami, FL

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