Prime Mixed-Use Redevelopment Opportunity 728 NW 79 Street Local commercial 1 220 m² Inoccupé À vendre Miami, FL 33150 7 582 800 € (6 216,82 €/m²)

Prime Mixed-Use Redevelopment Opportunity – 728 NW 79th St, Miami, FL
Campos Commercial Real Estate is proud to present a rare income-producing redevelopment opportunity in Miami’s booming NW 79th Street corridor. This site combines immediate cash flow with long-term redevelopment upside, offering investors the chance to participate in one of Miami’s fastest-growing markets.
Property Highlights
Total Land Size: ±36,750 SF across 6 contiguous folios
Zoning: NCUAD + T5-O (Live Local Act eligible)
Opportunity Zone: Yes
Frontage: ±189 feet on NW 79th St with direct I-95 visibility (207,000+ AADT)
Parking: 175+ on-site spaces
Seller Financing: Available with 35% down
Turn-Key Income
Currently operating as a renovated nightclub, bar, and restaurant, this property generates consistent income with a current NOI of 5%+ and a pro forma NOI of 20%+.
Ground Floor: Fully built-out nightclub with commercial-grade kitchen
Second Floor: Separate club/bar or restaurant concept
Third Floor: Private suite or office with rooftop terrace and skyline views
Outdoor Venue: Turf field and large-screen entertainment area for events
Rare Asset: Includes a 4COP Liquor License, no longer issued by the city, adding significant intrinsic value.
Redevelopment Potential
Potential Density: Up to 843 theoretical units under Live Local Act
Practical Buildable Range: 300–500 residential units with setbacks and parking
Height: Up to 14 stories with 2–3 levels of parking plus ground-floor retail
Cost Per Buildable Unit: Under $20K vs. area sellouts at $300K+ per unit
This positioning creates a strong margin for developers looking to capitalize on Miami’s demand for multifamily housing and mixed-use product.
Market Momentum
The NW 79th Street corridor is undergoing a historic redevelopment surge, driven by both private investment and public infrastructure initiatives.
20,000+ residential units planned or under construction
20+ major projects, including:
2390 NW 79th St (Swerdlow Group): 895-unit mixed-use project over 37 acres
3101 NW 79th St (Lennar): 498-unit condominium development
3701 NW 79th St: 5,730 residential units + 370,000 SF commercial and new Tri-Rail station
Miami Court & 79th St: Gensler-designed 4,000+ unit redevelopment
Nearby North Bay Village is also transforming with ultra-luxury developments like Pagani Residences, Related Group/Macklowe twin towers, and Shoma Bay, bringing high-income residents and tourism-driven demand to the area.
Development Breakdown
ScenarioAvg Unit SizeUnits/FloorTotal Units (13 Floors)Micro-heavy mix500 SF48624Balanced mix600 SF40520Larger mix700 SF34442
Realistic Range: 300–500 units after factoring setbacks, circulation, and parking.
Investment Highlights
Immediate Cash Flow – Operate the venue with strong current income while planning redevelopment.
Live Local Act Incentives – Maximize density and receive streamlined approvals.
Opportunity Zone Location – Benefit from significant federal tax incentives.
Strategic Positioning – Frontage on high-traffic corridor with I-95 exposure.
Surging Market – Surrounded by billions in nearby development and infrastructure upgrades.
Financial Snapshot
MetricCurrentPro FormaNOI5%+20%+Monthly RevenueUp to $1M historically$1.2M+ potential
Summary
728 NW 79th Street represents a one-of-a-kind investment opportunity that combines:
Immediate income production
Irreplaceable licensing and parking assets
Significant redevelopment upside
Positioning in Miami’s next growth corridor