1400 119Th StMiami, FL 33167

  • Retail properties
  • 2,756 SF
For Lease
$36.96/SF/YR View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,628,426
    6.5%
    $2,426,240
    7%
    $2,252,937
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,659,009
    Geo Method
    $2,659,009
  • Alternative Use

    Use
    Valuation
    Residential
    $2,046,624
    Hospitality
    $1,874,697
    Educational
    $1,559,726
    Medical
    $1,613,367
    Retail
    $2,426,240
1400 119Th St, Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,298
$268,100
$159,854
$427,954
-
$268,100
$159,854
$427,954

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