8945 Northwest 7th Avenue

Miami, FL 33150

8945-8995 NW 7th Ave.

Listing ID: 187582
$2,950,000
For Sale
  • Lot Size Acres 1.655
  • Land Sq Ft 72,092
  • Land Price per Sq Ft $40.93
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Description

APEX Capital Realty is pleased to present 1.65 acres of income-producing covered land at 8945-8995 NW 7th Avenue in Miami, which includes both retail and an underlying zoning for up to 12 stories as well as simultaneous exposure to both I-95 and NW 7th Avenue. The offering comprises a total of 3 parcels and 72,092 Square Feet of land plus 6,184 leasable square feet across 2 freestanding buildings. The 3,500 SF fully-operating corner retail building at 8995 NW 7th Ave contains a drive-thru and is occupied by local fast-service restaurant tenant “Snappers Fish & Chicken,” who has been in the space for over 13 years. On the parcel just south at 8945 NW 7th Ave sits an additional retail building of 2,700 SF along with 55,000 Land Square Feet which can be suitable for a variety of uses, and is currently available to be leased to a new operator, or utilized by the owner. It was used previously as a marine service center.

Property Summary

Property Addresses:

8945 NW 7th Avenue

8995 NW 7th Avenue, and adjoining parcel, Miami, FL 33150

Lot & Building Size Breakdown:

8945 NW 7th Avenue: 32,978 Land SF / 2,705 Adj. SF

8995 NW 7th Avenue: 17,500 Land SF / 3,479 Adj. SF

Adjoining parcel: 21,614 Land SF

TOTAL: 72,092 Land SF (1.65 acres) / 6,184 Adj. SF

Lot Dimensions: 270? x 270? (approx.)

Zoning:NCUAD (North Central Urban Area District)

UC-MM (UC Center – Main Street Mixed-Use Corridor) & UC-MCS (UC Center – Mixed-Use Corridor Special)

Max. Height: 12 stories

Max. # of Units: 99

Density: 60 units per acre (99 units on this site)

ASKING PRICE: $2,950,000

Property Highlights

Located within a Qualified Opportunity Zone

The 3,500 SF fully-operating corner retail building contains a drive-thru and is occupied by local fast-service restaurant tenant “Snappers Fish & Chicken,” who has been in the space for over 13 years and is a neighborhood staple.

The southernmost parcel has an additional retail building of 2,700 SF along with 55,000 Land Square Feet which can be suitable for a variety of uses, and is currently available to be leased to a new operator, or utilized by the owner.

Double height and density of 12 stories and 60 units per acre, unique only to this side of the street on this portion of NW 7th Ave

NW 7th Avenue runs directly adjacent & parallel to I-95, with an average daily traffic count over 36,000 vehicles and exposure to an additional 200,000+ vehicles from I-95

This specific site is located directly across the street from a grocery-anchored shopping center, providing additional traffic and value to both current and future uses.

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population24,857202,164514,753
Population Median Age383839
Population by Age0-9 Yrs3933 (15%)26701 (13%)62355 (12%)
10-19 Yrs2784 (11%)25024 (12%)58322 (11%)
20-29 Yrs3215 (12%)29131 (14%)75141 (14%)
30-39 Yrs3294 (13%)27803 (13%)74468 (14%)
40-49 Yrs3130 (12%)26160 (12%)69602 (13%)
50-59 Yrs3525 (14%)27152 (13%)70222 (13%)
60-69 Yrs2578 (10%)20911 (10%)52603 (10%)
70+ Yrs2397 (9%)19282 (9%)52041 (10%)
Median HH Income$35,056$34,107$35,247
Total Household Income< 24K2954 (38%)24970 (39%)61777 (37%)
25-49K2051 (26%)16774 (26%)43949 (26%)
50-74K1348 (17%)9860 (15%)25476 (15%)
75-99K576 (7%)4793 (7%)13437 (8%)
100-199K654 (8%)5525 (8%)15676 (9%)
200K+134 (1%)1724 (2%)4794 (2%)
Highest Education LevelNo Diploma42123449093174
Diploma or GED524744590115279
Some College25112190854268
Assoc. Degree16231118727731
Bachelors Degree17961634946320
Higher Degree1019765322734
Total Housing Units8,59571,186186,424
--Owner-Occupied3,14226,40064,049
--Renter-Occupied4,57637,247101,059
Owner-Occupied Values< 100K63050369965
100-199K993890020999
200-299K604543316153
300-399K37625186823
400-499K24413212779
500K+29631917331
Total Working Age Population19,138160,561417,590
In Work Force11,54196,443252,245
Not In Work Force7,59764,118165,345
Workforce Employed9,91185,294229,311
Workforce Unemployed1,63011,13622,847
Civlian Workforce11,54196,430252,159
Military Workforce01386
Total Households7,71863,647165,108
Family Households4,93140,011102,631
Non-Family Households2,78723,63662,478
Married Couple2,35318,59853,166
Other Family2,57821,41349,465
Married w/Child8896,79620,172
Single Male w/Child3211,9334,466
Single Female w/Child8047,60217,559

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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