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Vacant-User

Coral Gables Second Generation Restaurant

3894 SW 8th St, Coral Gables, FL 33134

Listing Price: $3,795,000

Gross SF
4,418
Rentable SF
4,418
Price/Gross SF
$858.99
Lot Size
0.39 acres
Year Built
1926

Investment Overview

Marcus and Millichap, as exclusive agent, is pleased to present for sale 3894 SW 8th Street(the "Property") located in Coral Gables, Florida. 3894 SW 8th Street presents an excellent opportunity to acquire a 4,418 square foot second generation restaurant in the city of Coral Gables (Miami MSA). The property is located on the signalized intersection of Ponce De Leon Blvd & SW 8th Street with excellent visibility and traffic counts exceeding 49,000 vehicles per day. The 4,418 square foot second generation restaurant will be delivered vacant and can accommodate 158 patrons under AC, in addition to the outside terrace of 671 Square Feet that can accommodate 42 patrons for a total of 200 Patrons. In a submarket where onsite parking is a rarity, the subject property boasts 22 parking spaces(4.98 Spaces per 1,000 square feet). Recent improvements at the property consist of upgraded Electrical and Plumbing systems. Due to the property size exceeding 2,500 square feet of patron area and more than 150 seats, it does not require a liquor license which comes as an added benefit to an investor/operator. Located in Coral Gables, dubbed "The City Beautiful" known for its tree-lined boulevards, ivy covered mansions and historical land-marks built in the 1920's and was designed to be an international city. The Coral Gables Economy is comprised of local and international businesses because of its proximity to Miami International Airport, the port of Miami and downtown Miami. The city is home to one of Miami's most anticipated projects, "The Plaza", a $500 million dollar development over 7 acres, consisting of 450,000 square feet of office space, a 242-room Loews Hotel, 170 Residential apartments, and 161,000 square feet of retail, food and entertainment space. Coral Gables has a strong offering or banking, investment institutions, health care and professional services, as well as being the international headquarters for Bacardi and De Monte Fresh Produce. The University of Miami is also located in Coral Gables, and is the city's largest employer. Coral Gables Attracts national and regional retailers along with an abundance of boutiques and retail shops.

Investment Highlights

  • Trophy Retail Asset Located in Coral Gables, just One Mile from Downtown Coral Gables/Miracle Mile
  • Freestanding Second Generation Restaurant
  • Signalized Intersection of Ponce De Leon & SW 8th Street
  • Liberal Zoning Allowing for Multiple Uses
  • Traffic Counts Exceeding 49,000 Vehicles Per Day
  • Many Institutional Developments Underway in Coral Gables

Exclusively Listed By

Vacant-User

Coral Gables Second Generation Restaurant

Listing Price: $3,795,000

Gross SF
4,418
Rentable SF
4,418
Price/Gross SF
$858.99
Lot Size
0.39 acres
Year Built
1926

Investment Highlights

  • Trophy Retail Asset Located in Coral Gables, just One Mile from Downtown Coral Gables/Miracle Mile
  • Freestanding Second Generation Restaurant
  • Signalized Intersection of Ponce De Leon & SW 8th Street
  • Liberal Zoning Allowing for Multiple Uses
  • Traffic Counts Exceeding 49,000 Vehicles Per Day
  • Many Institutional Developments Underway in Coral Gables

Investment Overview

Marcus and Millichap, as exclusive agent, is pleased to present for sale 3894 SW 8th Street(the "Property") located in Coral Gables, Florida. 3894 SW 8th Street presents an excellent opportunity to acquire a 4,418 square foot second generation restaurant in the city of Coral Gables (Miami MSA). The property is located on the signalized intersection of Ponce De Leon Blvd & SW 8th Street with excellent visibility and traffic counts exceeding 49,000 vehicles per day. The 4,418 square foot second generation restaurant will be delivered vacant and can accommodate 158 patrons under AC, in addition to the outside terrace of 671 Square Feet that can accommodate 42 patrons for a total of 200 Patrons. In a submarket where onsite parking is a rarity, the subject property boasts 22 parking spaces(4.98 Spaces per 1,000 square feet). Recent improvements at the property consist of upgraded Electrical and Plumbing systems. Due to the property size exceeding 2,500 square feet of patron area and more than 150 seats, it does not require a liquor license which comes as an added benefit to an investor/operator. Located in Coral Gables, dubbed "The City Beautiful" known for its tree-lined boulevards, ivy covered mansions and historical land-marks built in the 1920's and was designed to be an international city. The Coral Gables Economy is comprised of local and international businesses because of its proximity to Miami International Airport, the port of Miami and downtown Miami. The city is home to one of Miami's most anticipated projects, "The Plaza", a $500 million dollar development over 7 acres, consisting of 450,000 square feet of office space, a 242-room Loews Hotel, 170 Residential apartments, and 161,000 square feet of retail, food and entertainment space. Coral Gables has a strong offering or banking, investment institutions, health care and professional services, as well as being the international headquarters for Bacardi and De Monte Fresh Produce. The University of Miami is also located in Coral Gables, and is the city's largest employer. Coral Gables Attracts national and regional retailers along with an abundance of boutiques and retail shops.

Exclusively Listed By

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