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11720-11740 NE 2nd Ave Miami, FL $ 3,750,000
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$ 3,750,000 Get more info
11720-11740 NE 2nd Ave
$ 3,750,000
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11720-11740 NE 2nd Ave

Miami, FL, 33161
$ 3,750,000
Baths0.0 Sq 4,948

Monthly Estimate*

$ 22,459

11720-11740 NE 2nd Ave, Miami, FL 33161 - Image 1
11720-11740 NE 2nd Ave, Miami, FL 33161 - Image 2
Studio

Commercial Property for sale in Miami, FL

for $3,750,000. This 4,948 square foot building was built in 1956 on a lot size of 0.925826.

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.

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Commercial Active

Price

$ 3,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Detached

Lot Size

0.925826

Year Built

1956

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11631844
Features
General
Architectural Style Detached
Construction Materials Block WoodSiding
Year Built 1956
Stories 1
Levels One
Property SubType Business
Percent Ownership Corporation
Business Type Restaurant
County Miami-Dade County
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Status Active
Directions 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 of
City Miami
View Y/N N
Senior Community Y/N N
Zoning Description BU-1
MLS Area 30
Lot Size Units SquareFeet
Lot Size Square Feet 40329.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Standard Status Active
Occupancy Type CallAgent
Legal Description LA PALOMA PB 8-44 LOTS 4-5 BLK 7 LOT SIZE 15788 SQUARE FEET OR 18501-4223 0399 6 (3)
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Exterior
Lot Size Area 40329.0
Number of Buildings 2
Spa N
Building Area Total 4948.0
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 11720
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* Excluded Features
List By
Apex Capital Realty Llc

Broker

alexander@apexcapitalrealty.com

Email

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$22,459
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Monthly Principal & Interest
$22,459
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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/29/2024$3,750,000 Listed Price

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11720-11740 NE 2nd Ave, Miami, FL, 33161 is a Commercial Property for sale at $3,750,000 with 4,948 sqft and a lot size of 0.925826. 11720-11740 NE 2nd Ave is a studio with 0.0 baths and was built in 1956. The property's zip code is 33161 which is in Miami, FL

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