Two-story, ground-floor commercial space at 50 Biscayne in downtown Miami has been listed for $8.3 million, Marcus & Millichap announced on Monday.
The 9,300-square-foot retail/office space is currently built out as a restaurant with bar and patio space, according to a press release.
Ryan Shaw, a Marcus & Millichap associate vice president of investments, and Brooks Minford, an associate, are representing the seller, an investor from Sunny Isles Beach.
“50 Biscayne offers an excellent opportunity for an investor to own the retail space that fronts Biscayne Boulevard and Flagler Street,” Shaw said in the release. “A buyer has the option to bring in a new restaurant tenant or divide the space. Similar NNN spaces in the area are renting above $50 per square foot and the other retail space in the building is fully occupied.”
50 Biscayne is located across the street from Bayfront Park and is near Marshalls, Walgreens, Bank of America and BB&T.