1400 119Th StMiami, FL 33167

Property Details for 1400 119Th St

Year built

1981

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

2,756 SF

Zone code

6062

Property type

Outlet malls

APN

30-2135-031-0010

APU

3021350310010

Description

This exceptional Miami-Dade County commercial property, located at 1400 NW 119th St, Miami, FL 33167, offers 4,000 square feet of versatile space ideal for executive offices or retail use. Currently configured as two separate 650 square foot units, each unit is available for lease individually at $2,000 per month. Alternatively, both units can be combined to create a larger 1,300 square foot space for $4,000 per month, providing significant flexibility for businesses of varying sizes. The property is a single-tenant building, ensuring privacy and control. Situated in a well-maintained building, this location provides a convenient and easily customizable space to suit a range of business needs. The property is conveniently located in Miami, Florida, offering easy access to major transportation routes and amenities. There are no elevators in the building. This presents a unique opportunity to secure a prime location with adaptable lease terms in the thriving Miami market. The property is classified as Retail and Office, specifically categorized as an Executive Office space. This listing presents a compelling opportunity for businesses seeking a well-located and adaptable commercial space in Miami-Dade County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,013,630

  6.5%

  $1,858,730

  7%

  $1,725,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,097,370

  Geo Method

  $1,097,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,588,880

  Mixed-Use / Specialty

  $1,866,580

  Hospitality / Lodging

  $1,388,300

  Office

  $1,870,570

  Institutional / Educational

  $1,945,670

  Residential Income

  $2,276,430

  Multifamily

  $2,649,970

  Automotive / Energy

  $1,667,710

  Parking / Income-Based Land

  $561,206

  Restaurant / Food Service

  $1,001,720

  Healthcare / Senior Housing

  $1,899,300

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.883

Longitude

-80.2228

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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