Restaurant space at 50 Biscayne hits the market

Miami /
Jul.July 13, 2015 04:30 PM

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.”

The Related Group developed the 55-story tower in 2007. It was designed by Sieger Suarez and the Rockwell Group. Cervera Real Estate has an office in the building and manages the residential units.

50 Biscayne is located across the street from Bayfront Park and is near Marshalls, Walgreens, Bank of America and BB&T.


Related Articles

arrow_forward_ios
From left: Property Markets Group's Ryan Shear, Kevin Maloney and Dan Kaplan with Elser Hotel & Residences
PMG, Greybrook score $235M refi of downtown Miami project
PMG, Greybrook score $235M refi of downtown Miami project
Deerwood Town Center at 12085-2107 Southwest 152nd Street in Miami-Dade County, One Biscayne Tower at 2 South Biscayne Boulevard in Miami and 2990 Ponce office building in Coral Gables with Gildenson Real Estate's Eduardo Gildenson and CP Group’s Angelo Bianco (Google Maps, Gildenson Real Estate, CP Group)
Lease roundup: Quest takes space at One Biscayne Tower & more
Lease roundup: Quest takes space at One Biscayne Tower & more
Black Lion's Robert Rivani with One Thousand Museum
Robert Rivani’s Black Lion snags One Thousand Museum restaurant space
Robert Rivani’s Black Lion snags One Thousand Museum restaurant space
Moishe Mana, 48 East Flagler Street (left) and 76 East Flagler Street (right) (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Google Maps)
Moishe Mana’s downtown Miami tenants allege fraudulent eviction
Moishe Mana’s downtown Miami tenants allege fraudulent eviction
From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
(Getty)
Here are the resi projects planned for downtown Miami
Here are the resi projects planned for downtown Miami
David Schwartz and Martin Nussbaum with rendering of Namdar Towers (Slate Property Group)
Namdar nabs $195M loan for downtown Miami apartment towers
Namdar nabs $195M loan for downtown Miami apartment towers
Miami-Dade Mayor Daniella Levine Cava and an aerial of the Government Center redevelopment (Getty, Google Maps)
Miami-Dade seeks partners for Government Center redevelopment
Miami-Dade seeks partners for Government Center redevelopment
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...