101 NE 79th St - Loft/Creative Space FOR SALE


Miami, FL 33138- Little River
$3,395,000 USD
609-226-6390
101 NE 79th St, Miami, FL for Sale
$3,395,000 USD
Loft/Creative Space - FOR SALE
1/23
null | Request Cap Rate

101 NE 79th St
Miami, FL 33138
Little River


HIGHLIGHTS

  • Turn-key commercial asset w/ existing office build-out, adaptable for retail, showroom, medical, and specialty uses
  • Fully renovated & building recertified, with a new roof completed in 2025
  • High-exposure NE 79th Street location with prominent corner signage visibility
  • Private gated on-site parking with loading dock
  • T6-8-O zoning for densest future redevelopment potential up to 8 stories
  • Pro-forma 6.2% CAP at asking price on future lease-up, or ideal for end-user

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS A HIGH-EXPOSURE, FREESTANDING COMMERCIAL ASSET ALONG LITTLE RIVER’S NE 79TH STREET CORRIDOR..... Completely turn-key, the property offers a flexible open concept layout with day one functionality as showroom or creative office while preserving value-add optionality via user-specific interior build-out or investment-oriented subdivision into multiple units to maximize returns. In the long-term, enjoy meaningful future redevelopment upside with by-right height and density for up to 8 stories and 150 du/acre on this rapidly transforming corridor. The existing building features floor-to-ceiling impact glass, open work areas, a spacious conference room, two private offices, two ADA-compliant bathrooms, and street level loading door accessible through the property’s gated on-site parking lot. A full renovation completed in 2016 includes all upgraded mechanical systems, electrical service, plumbing, multi-zone HVAC, and the cherry on top – a new roof completed in 2025. Set in a highly visible corner location mid-way between I-95 and Biscayne Blvd, the site is extremely well positioned to satisfy and even exceed the exposure needs of any business or development project as the surrounding Little River neighborhood continues to attract new investment. Located within an Opportunity Zone and eligible for Live Local Act benefits, the property offers plenty of figure-it-out-later potential for any developer or business owner looking to secure a critical piece of this pre-appreciation market.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little River Freestanding Office/Retail Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,541 SF

ZONING

T6 8-O

APN/PARCEL ID

01-3112-012-0020

ASK ABOUT THIS PROPERTY

Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

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Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.