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633 NE 79TH ST
MIAMI, FL 33138
Asking Price
$1.50M
Asset Type
Commercial Land
Class
Class B
What's Special
High-Exposure Development Site <p><strong>High-Traffic Location:</strong> Prime positioning at Biscayne Blvd & NE 79th St with over 67,000 AADT, offering exceptional visibility and access.</p><p></p><p><strong>National Retailer Mix w/ Local Charm: </strong>Surrounded by national retailers including Wendy’s, Taco Bell, and CVS, as well as local F&B gems like Marky’s Gourmet, Osteria, Battubelin and San Lorenzo Ristorante, with direct proximity to the North Beach Marina.</p><p></p><p><strong>Flexible By-Right Development Potent
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NOI
$80,000
Cap Rate
5.35%
DSCR
0.90
Underwater
Cash-on-Cash
-1.95%
Monthly Payment
$7,396.444
Annual Cash Flow
$-8,757.332
