11720-11740 NE 2ND AVE

For Sale

11720-11740 NE 2ND AVE Retail/Covered Land Play

City:Miami

Land area:40,329 SF

Property Status: For Sale

Adriano Salucci adriano@apexcapitalrealty.com

Alexander Reyes alexander@apexcapitalrealty.com

Price $3,750,000

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Property Summary

Zoning: BU-1

Allowable Uses: Commercial, Retail, Office, Multifamily, Public Assembly, Mixed Use

Year Built: 1956

Parking Spaces: +/- 25

Description APEX Capital Realty is proud to exclusively present this unique value-add opportunity, currently home to the well-established Mama Jennie’s Italian Restaurant, a local favorite for over 40 years. The site encompasses four folios, totaling 40,329 SF of land. It features a 3,859 SF restaurant building with a fully permitted kitchen and bar, as well as an additional 628-square-foot structure used for office and storage. There is also significant development potential here. Under Miami-Dade County’s Live Local Act, the site could support a sizable project, including up to 250 residential units per acre for workforce housing and ground-floor retail.
• Location: The property sits on just under one acre and is conveniently located just north of Miami Shores, south of North Miami, and adjacent to Barry University’s main campus.
• Layout: The property features an exceptional layout split in the middle with indoor and outdoor seating.
• Accessibility: Sits on a corner and is accessible from all sides. Enjoys private parking of 25-30 vehicles.
• Design: The building includes a sports bar concept and recently remodeled the indoors half into a speakeasy.
• Versatility: This property is perfect for an owner-user seeking a North Miami location or as a redevelopment site.
• Subdividable: The building can be subdivided into 2 spaces allowing for renovation and re-rental opportunities for investors.
Don’t miss the rare opportunity to buy this highly sought after prime piece of real estate. Contact us today to learn more and explore the potential of 11720-11740 NE 2nd AVE.

Lot & Building Size Breakdown:

Total Building Area: 4,487 SF

Total Land Area: 40,329 SF

Property Highlights

Live Local Act & Development Potential.

Situated in a highly desirable area with significant foot traffic and excellent accessibility, this property is perfectly positioned for a variety of redevelopment projects.

Adjacent to Barry University, one of Miami’s oldest private institutions and nestled in Miami Shores.

The Property has Approximately 25 surface parking spaces.

Ideal for retail / restaurant owner-user looking to expand.

Spacious Interior / Fully Equipped Kitchen.

7,200 daily drivers.

Qualifies for the Live Local Act, where up to 250 units/ acre can be built on the site.

Details Property size: 4,487 SF Property Status: For Sale Property Type: Land Development Land Area: 40,329 SF Year Built: 1956

Address City: Miami State/country: Florida

Documents Property Brochure download

Listing Agents

Adriano Salucci Commercial Advisor

(305) 340-3584 adriano@apexcapitalrealty.com

Alexander Reyes Commercial Advisor

(786) 547-4777 alexander@apexcapitalrealty.com

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11720-11740 NE 2ND AVE Retail/Covered Land Play Land Development Adriano Salucci 3 months ago $3,750,000