South Miami Restaurant

A unique commercial investment opportunity awaits in the heart of vibrant South Miami, just off US-1 and near the University of Miami. This free-standing, multi-tenant building, situated within the Specialty Retail - Hometown District Overlay of the City of South Miami, offers versatility and potential. It spans 6,384 SF on a 10,700 SF lot and boasts a significant development opportunity with a Floor Area Ratio (FAR) of 1.6 and a maximum buildable height of 4 stories. The property accommodates two fully equipped, second-generation restaurant spaces with complete kitchens, advanced hood-vent systems, and walk-in coolers. The outdoor courtyard enhances the venue, ideal for al fresco dining. Multiple-use zoning within an Opportunity Zone offers potential tax benefits and allows operations until 4 AM without on-site parking requirements. The property's appeal is further magnified by the ongoing transformation of Sunset Place, aimed at fostering pedestrian activity through the development of residential, office and supporting ground-level retail, resonating with an urban community's vibrancy. Additionally, the new AvalonBay project, Avalon South Miami, is set to enrich the area by the end of 2025 with 290 luxury apartments and 31,000 square feet of retail space. This property represents a strategic investment for those looking to capitalize on the dynamic and evolving South Miami market.