323 23rd St 4,322 SF Retail Building Miami Beach, FL 33139 £15,075,600 (£3,488.11/SF)







INVESTMENT HIGHLIGHTS
- completely renovated and fully remodeled
- outdoor space
- prime location
- designer upgrade
- heavy foot traffic
- 4COP liquor license for alcohol sales until 5 am, INCLUDES GREASETRAP
EXECUTIVE SUMMARY
Exceptional Opportunity in Elite Miami Beach Area: ideal for a luxury restaurant, nightclub, or members-only concept. Situated near The Setai, The Faena, and The 1 Hotel, this waterfront property spans 4,322 sf on an 8,890 af lot, featuring spacious indoor + huge outdoor areas w/electrical awnings. 5COP liquor license for alcohol sales until 5 AM & CD-3/Commercial zoning, the property offers redevelopment potential. Fully renovated, it includes new plumbing, electrical systems, appliances, and marble bar tops. The venue boasts porcelain floors + Mutina tiles throughout, w/ all baseboards resurfaced & enhanced w/ LED lighting, advanced LED lighting system & a brand new speaker system throughout. Other highlights include an electrical room, a secret room, & a new roof.
Property Listing Highlights
***Location
Prime location near notable establishments: The Setai, The Faena, and The 1 Hotel.
Waterfront property with stunning views.
****Size
Total area of 4,322 square feet on an 8,890 square foot lot.
Spacious indoor areas complemented by expansive outdoor spaces with electrical awnings.
****Licensing & Zoning
5COP liquor license allowing alcohol sales until 5 AM.
CD-3 Commercial zoning, providing excellent redevelopment potential.
***Renovations
Fully renovated property with modern upgrades.
New plumbing throughout, including drainage systems.
Updated power installation with a brand new service panel.
New dishwasher and walk-in cooler installed.
Planned installation of a gas line.
Interior Features
Elegant porcelain floors and high-quality Mutina tiles throughout.
Resurfaced baseboards enhanced with LED lighting.
Luxurious marble countertops for tables.
Advanced LED lighting system for dynamic table illumination.
Sound System
Brand new Danley sound system installed throughout the venue for superior audio quality.
Exterior sound system by Void, designed for optimal outdoor acoustics.
***Outdoor Features
Inviting outdoor terrace ideal for additional dining or event space.
****Additional Highlights
Includes a dedicated electrical room.
Features a secret room for exclusive experiences.
Recently installed new roof.
***Construction Status
Currently in the pre-construction phase.
Completion expected by July 2025.
Delivered ready for the buyer to implement their concept.
Property Listing Highlights
***Location
Prime location near notable establishments: The Setai, The Faena, and The 1 Hotel.
Waterfront property with stunning views.
****Size
Total area of 4,322 square feet on an 8,890 square foot lot.
Spacious indoor areas complemented by expansive outdoor spaces with electrical awnings.
****Licensing & Zoning
5COP liquor license allowing alcohol sales until 5 AM.
CD-3 Commercial zoning, providing excellent redevelopment potential.
***Renovations
Fully renovated property with modern upgrades.
New plumbing throughout, including drainage systems.
Updated power installation with a brand new service panel.
New dishwasher and walk-in cooler installed.
Planned installation of a gas line.
Interior Features
Elegant porcelain floors and high-quality Mutina tiles throughout.
Resurfaced baseboards enhanced with LED lighting.
Luxurious marble countertops for tables.
Advanced LED lighting system for dynamic table illumination.
Sound System
Brand new Danley sound system installed throughout the venue for superior audio quality.
Exterior sound system by Void, designed for optimal outdoor acoustics.
***Outdoor Features
Inviting outdoor terrace ideal for additional dining or event space.
****Additional Highlights
Includes a dedicated electrical room.
Features a secret room for exclusive experiences.
Recently installed new roof.
***Construction Status
Currently in the pre-construction phase.
Completion expected by July 2025.
Delivered ready for the buyer to implement their concept.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,322 SF
Building Class
C
Year Built/Renovated
1925/2025
Price
£15,075,600
Price Per SF
£3,488.11
Tenancy
Single
Number of Floors
1
Building FAR
0.50
Lot Size
0.20 AC
Zoning
CD-3 - Nightclub, Restaurant, High Intensity, , Office, Residential, Hotel, 4COP
Parking
2 Spaces (0.46 Spaces per 1,000 SF Leased)
Frontage
67 ft on 23rd St
AMENITIES
- Security System
- Tenant Controlled Heating
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 02-3226-001-0540 | Improvements Assessment | £174,283 |
Land Assessment | £1,675,276 | Total Assessment | £1,849,559 |