2
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$3,750,000
Est. payment /mo
4,948 SqFt
Active
11720-11740 NE 2nd Ave Miami, FL 33161
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UPDATED:
09/30/2024 09:33 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,948 sqft
Price per Sqft $757
MLS Listing ID A11631844
Style Detached
Construction Status Resale
HOA Y/N No
Year Built 1956
Lot Size 0.926 Acres
Property Description
This property is a 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 40,329SF of land. It features a 3,859SF 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
State FL
County Miami-dade
Area 30
Direction 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. The area is highly sought after, offering excellent accessibility.
Building
Story 1
Architectural Style Detached
Level or Stories One
Structure Type Block,Wood Siding
Construction Status Resale
Others
Tax ID 30-21-36-025-0860
Ownership Corporation
Listed by APEX Capital Realty LLC