63 NW 27th Ave 7,003 SF 50% Leased Retail Building Miami, FL 33125 $3,947,934 CAD ($563.75 CAD/SF) 6.32% Cap Rate

69 NW 27TH AVE — LITTLE HAVANA, MIAMI FL 33125
Retail / Restaurant · Freestanding · Vacant — Ready for Immediate Occupancy
Asking: $2,850,000 ($407/SF)
Building: 7,003 SF | Lot: 5,900 SF | Parking: 18 spaces | Zoning: T6-8 O
A rare, fully vacant freestanding commercial building in one of Miami's most coveted urban corridors — priced for the land it sits on as much as the building above it. Located on NW 27th Ave in the heart of Little Havana, this 7,003 SF single-story property offers three compelling paths forward: immediate owner-user occupancy, a value-add investment with strong lease-up upside, or high-density redevelopment under T6-8 O zoning.
PROPERTY HIGHLIGHTS
• 7,003 SF freestanding retail/restaurant building — vacant and immediately available
• 18 dedicated on-site parking spaces — an exceptional rarity on NW 27th Ave
• Two assembled parcels (50' × 118' combined lot) — eliminates costly land assembly risk
• T6-8 O zoning — permits high-density mixed-use redevelopment (residential + ground-floor retail)
• Established restaurant/retail infrastructure in place — reduces build-out cost and timeline
• High-visibility NW 27th Ave corridor — direct access to Health District, Marlins Park, Brickell, and I-836
• Vacant possession at closing — no lease-up risk, no inherited tenants, day-one control
• Single-story on a two-parcel lot — low coverage ratio maximizes redevelopment potential
LOCATION & MARKET
Little Havana is an established commercial destination with tight vacancy, consistent rent growth, and a cultural identity that draws both local operators and national brands. NW 27th Ave connects the neighborhood to the Health District and Brickell corridor. Recent comparable sales on Calle Ocho — including a two-parcel mixed-use assemblage that traded at $5.9M (December 2025, Marcus & Millichap) with plans for an 80-unit mixed-use tower — validate the premium assembled land commands here.
IDEAL BUYER PROFILES
Owner-user: Restaurant, café, or retail operator ready to own their space. Vacant possession, existing kitchen infrastructure, and 18 parking spaces eliminate most typical barriers to entry.
Investor: Acquire vacant, lease at market rates ($35–50/SF NNN), and stabilize into a 5–6% cap rate. Little Havana's tight vacancy makes lease-up risk low relative to other Miami submarkets.
Developer: Two assembled parcels + T6-8 O zoning = a shovel-ready land play. Build residential over ground-floor retail. Neighboring assemblages have supported 7–8 story mixed-use projects.
Due diligence package available upon request. Seller will consider all qualified offers. Broker co-op available.