633 NE 79th Street For Sale

From the listing

Offering exceptional visibility to over 67,000 AADT of circulating traffic, this rarely available raw land parcel is ideally suited for a wide range of development options both near and long-term including retail, office, hotel,multi-family and mixed-use projects. Positioned just East of Biscayne Boulevard at the boundary of the Shorecrest, Little River, and MiMo District neighborhoods, this is the ideal acquisition for buyers to land-bank, build or entitle as the area experiences rapidly increasing development momentum. Surrounded by a mix of both national and mom &pop retailers, the site provides optionality, utility, and even interim income from its temporary F&B program. The combination of strong exposure, functional scale and flexible use potential creates a compelling opportunity for developers and end-users alike to capitalize on continued growth within this rapidly evolving corridor, ahead ofreal value appreciation. INVESTMENT HIGHLIGHTSHigh-Traffic Location: Positioned at the Biscayne Boulevard and NE 79th Street intersection with unmatched visibility and accessibility to circulating traffic in excess of 67,000 AADT.National Retailer Mix w/ Local Charm: Situated opposite an appealing existing tenant pool including Wendy’s, Taco Bell, 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.Flexible By-Right Development Potential: Allowing up to 14 units by-right, the site supports a wide range of uses including multifamily, retail, office, hotel, and more – with the area’s staple aesthetic supporting a low-rise mixed-use development program with activated street-level commercial.Growth Corridor + Strong Demand Drivers: Located in the rapidly evolving Little River area touting a massive development pipeline, walkability to neighborhood services, transportation, retail, and dining, and diverse housing options ranging from ultra-luxury to market-rate and affordable.

Listed by The Alpha Commercial Advisors LLC