5952-5960 NE 2nd Ave - Retail FOR SALE


Miami, FL 33137- Little Haiti
$6,289,619 USD
954-805-7078
5952-5960 NE 2nd Ave, Miami, FL for Sale
$6,289,619 USD
Retail - FOR SALE
1/7
null | 6.92% Cap Rate

5952-5960 NE 2nd Ave
Miami, FL 33137
Little Haiti


HIGHLIGHTS

  • Five independent commercial kitchen suites
  • Private grease trap, meters, and trash room
  • Walk-in cooler/freezer + reach-in units
  • 16 Ft. hood
  • Future proof layout design
  • Minutes from Design District, Wynwood, Little River & I-95

OVERVIEW

The U.S. food production, delivery, and prepared-meal sectors are expanding steadily, driving strong demand for well-located, fully built commercial kitchens. Operators across ghost kitchens, premium catering, and prepared-meal services increasingly depend on centralized, high-capacity facilities—supporting consistent leasing activity and long-term tenancy within this specialized asset class. Nationwide, the ghost kitchen market is projected to grow from $71B (2021) to over $177B by 2030, while delivery now accounts for 15–20% of restaurant revenue, up from ~5% pre-COVID. Prepared-meal services are following a similar trajectory, with the U.S. market expected to reach $14.8B by 2028 and consumer adoption up 28% since 2020. These operators require reliable production infrastructure and typically invest heavily in equipment, contributing to stronger renewals and reduced turnover for landlords. Catering and event-driven food production remain another major demand driver, with the U.S. catering sector surpassing $73B in 2023 and forecasting annual growth of 5–6%. Miami’s expanding hospitality and luxury event economy further supports high-capacity operators seeking dedicated, professionally equipped facilities. High entry costs—ranging from $300–$600/SF and 12–18 months to build a compliant kitchen—combined with impact fees and complex permitting create meaningful barriers to new supply. As a result, second-generation commercial kitchens command premium rents, maintain low vacancy, and show high tenant retention, as operators become anchored by equipment investment and mission-critical operational continuity. The continued growth of delivery-first dining, catering, and prepared-meal operators—combined with the scarcity of professionally built kitchen infrastructure—positions commercial kitchen real estate as a resilient and consistently leased asset class. Properties like 5960 NE 2nd Avenue, oering modern systems, fully built production capacity, and long-term NNN tenancy, are well aligned with these national trends.

FOR SALE DETAILS

PRICE

$6,289,619 USD

PRICE/SF

$1,263 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5960 NE 2nd Ave

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

T5-O

APN/PARCEL ID

01-3113-022-0130

ASK ABOUT THIS PROPERTY

Mateo RomeroGridline PropertiesMore Info
954-805-7078

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Mateo RomeroGridline PropertiesMore Info
954-805-7078

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