Interior
- Bathrooms
- 0
- Cooling
- Central Air, Other
Active · Retail
$3,499,999
7228 Biscayne Blvd, Miami, FL 33138
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1941
- Lot size
- 7,500 sq ft
- HOA fee
- —
- Annual tax
- $22,746
About this property
Building for sale in the heart of MIAMI’s MIMO DISTRICT with one tenant. The ground floor is occupied by a fully equipped restaurant that includes a fully outfitted backyard patio for customer seating and a diesel generator capable of supporting the entire restaurant operation in the event of a temporary power outage which adds value and potential to the overall property. The second floor is currently being used as offices for the restaurant. The property completed the 40-year recertification in 2021. Please do not disturb the tenant and/or their employees.
Property location
Get Directions7228 Biscayne Blvd, Miami, FL 33138
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Facts & features
Exterior & Structure
- Property type
- Retail
- Year built
- 1941
- Lot size
- 7,500 sq ft
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $22,746
- County
- Miami-Dade
- Days on market
- 350
- MLS listing ID
- A11879054
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$3,204
- Cap rate
- 4.6%
- Net yield
- 4.6%
- Cash-on-cash return
- -3.9%
- Gross yield
- 6.6%
- Mortgage payment
- $16,592/mo
- Down payment
- $875,000
- Loan amount
- $2,624,999
- Annual NOI
- $160,654
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.