561 NE 79th St

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561 NE 79th St

miami, FL 33138
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

Located at 561 NE 79th Street, this retail property sits within the Upper East Side neighborhood of Miami. The site is positioned along a primary east-west corridor, offering direct connectivity between the MiMo District, Little River, and North Bay Village. The surrounding area features a mix of established residential pockets and evolving commercial storefronts. High daily traffic counts characterize the immediate vicinity, which is serviced by several public transit bus lines. Nearby amenities include local dining establishments, fitness centers, and neighborhood service providers, supporting a steady flow of local pedestrian and vehicular activity. The property is suited for mid-sized retail operations, service-oriented businesses, or boutique showrooms. Potential tenants may include dry cleaners, specialty grocers, medical clinics, or creative studios seeking visibility in an emerging urban market. The layout accommodates users requiring a functional street-level presence with accessible storefront entry. Given the neighborhood demographics, the space is ideal for regional brands or local entrepreneurs aiming to capture the growing residential population within the 79th Street corridor. This asset offers a versatile footprint for tenants focused on high-traffic exposure and local community engagement.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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