2090 NW 75 Street Listing Details & Market Data

Units: 2 entirely separate, and self-contained space + Pro-forma NOI: $ 145,500 + Pro-forma Cap Rate: 6.5% + Zoning: BU-1 + Parking: Secured parking exclusive to the tenants
National demand for proper ancillary commercial kitchen space is enormous, unfulfilled, and has never been properly addressed, until now. Gridline Properties is proud to bring 2090 NW 75th Street in Miami, Florida, to market. This 2,600 SF property was completely renovated into two state-of-the-art 1,300 SF self-contained kitchens. Renovations to each space include heavy gauge stainless hoods, epoxy floors, all impact fees paid, underground grease traps, 100% a/c, parking, and security systems. These kitchens are of unparalleled quality, design, and utility. This real estate investment should provide a new owner or end-user with years of positive cash flow. The Seller’s strategy was to lease one of the units and leave the other space vacant to accommodate potential end-users or additional upside in rent.