728 NW 79 Street - Bar FOR SALE


Miami, FL 33150- Gladeview
$8,800,000 USD
786-599-2219
728 NW 79 Street, Miami, FL for Sale
$8,800,000 USD
Bar - FOR SALE
1/51
null | Request Cap Rate

728 NW 79 Street
Miami, FL 33150
Gladeview


HIGHLIGHTS

  • Prime Miami Location – ±36,750 SF site with 189’ frontage on NW 79th St and direct visibility from I-95 (207,000+ AADT).
  • Live Local Act Eligible – Maximize density up to 843 units; practical build-out of 300–500 residential units with ground-floor retail.
  • Immediate Income Stream – Fully operational nightclub, bar, and restaurant producing 5%+ current NOI with 20%+ pro forma NOI.
  • Rare 4COP Liquor License – Highly coveted license type no longer issued by the City of Miami.
  • Seller Financing Available – Attractive terms with 35% down, ideal for developers and investors looking to leverage capital.
  • Flexible Redevelopment Potential – Up to 14 stories, including 2–3 levels of structured parking plus a retail podium.

OVERVIEW

Seller Financing Available | Prime Mixed-Use Redevelopment Opportunity 728 NW 79th Street, Miami, FL 33150 Campos Commercial Real Estate is proud to present a rare income-producing redevelopment opportunity in the rapidly transforming NW 79th Street corridor of Miami. This property offers both immediate cash flow and long-term redevelopment potential, positioned within one of South Florida’s most dynamic growth markets. Property Highlights Total Land Size: ±36,750 SF (6 contiguous folios) Zoning: NCUAD + T5-O (Live Local Act eligible) Opportunity Zone: Yes – Federal tax incentive area Frontage: ±189 feet on NW 79th Street with direct I-95 visibility (207,000+ AADT) Parking: Over 175 on-site spaces Seller Financing: Available Turn-Key Income Currently operating as a renovated nightclub, bar, and restaurant, the property generates strong, consistent income with a current NOI exceeding 5% and a pro forma potential of 20%+. Breakdown: Ground Floor: Fully built-out nightclub with commercial-grade kitchen Second Floor: Separate club/bar or restaurant concept Third Floor: Private suite or office with rooftop terrace and skyline views Outdoor Venue: Turf field and large-screen entertainment area for events Bonus Asset: Includes a 4COP liquor license — no longer issued by the city — providing substantial intrinsic value. Redevelopment Potential Under current zoning and Live Local Act parameters, the site offers extraordinary upside: Practical Buildable Range: 300–500 residential units Height Potential: Up to 14 stories, with 2–3 levels of parking and ground-floor retail Cost Per Buildable Unit: Under $20K (compared to $300K+ area sellouts) This creates a rare opportunity for developers to achieve significant margins in Miami’s high-demand multifamily and mixed-use sectors. Market Momentum The NW 79th Street corridor is in the midst of a major transformation fueled by public infrastructure and private redevelopment. Over 20,000 new residential units are planned or under construction nearby. Notable Projects Include: 2390 NW 79th St (Swerdlow Group): 895-unit mixed-use project (37 acres) 3101 NW 79th St (Lennar): 498-unit condo development 3701 NW 79th St: 5,730 residential units + 370,000 SF commercial + new Tri-Rail station Miami Court & 79th St (Gensler): 4,000+ unit redevelopment Nearby North Bay Village is also evolving with luxury developments like Pagani Residences, Related/Macklowe Towers, and Shoma Bay, driving higher-income residents and tourism demand. Investment Highlights Immediate Cash Flow – Operate and earn while planning redevelopment Live Local Act Incentives – Maximize density with streamlined approvals Opportunity Zone – Significant tax benefits for investors Strategic Frontage – Prime exposure along NW 79th Street with I-95 visibility Surging Market – Surrounded by billions in active development Financial Snapshot Metric Current Pro Forma NOI 5%+ 20%+ Monthly Revenue Up to $1M historically $1.2M+ potential Summary 728 NW 79th Street offers a one-of-a-kind opportunity combining: Immediate income generation Irreplaceable licensing and parking assets Exceptional redevelopment upside Strategic positioning within Miami’s next major growth corridor

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$670 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Mixed-Use Redevelopment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

175

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,750 SF

ZONING

NCUAD + T5-O

APN/PARCEL ID

01-3111-035-0030,01-3111-035-0200,30-3111-035-0040,30-3111-035-0041,30-3111-035-0180,30-3111-035-0190

ASK ABOUT THIS PROPERTY

Hamid BenkCampos Commercial Real EstateMore Info
786-599-2219

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Hamid BenkCampos Commercial Real EstateMore Info
786-599-2219

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