2755 119Th StMiami, FL 33167

Property Details for 2755 119Th St

Year built

1997

Construction

CONCRETE

Lot size

1.10 AC

Property size (Sq ft)

9,070 SF

Zone code

6174

Property type

Retail properties

Property subtype

Gas stations

APN

30-2128-028-0920

APU

3021280280920

Description

This exceptional 1-acre (43,143 sq ft) commercial land parcel in Miami-Dade County, Florida (33167), at 2755 NW 119th St, offers approved plans for a 168-unit multifamily development. Zoned UC-MC, it allows for a building height of up to 12 stories within the urban mixed-use development boundary. The site boasts a highly visible location on NW 119th Street, a major thoroughfare connecting West Miami-Dade to I-95, with an average daily traffic count of 82,000 vehicles at the nearby signalized intersection. Its strategic location is enhanced by proximity to a newly constructed Amazon fulfillment center, the Eastview Commerce Center (800,000 sq ft), and Miami-Dade College North Campus. The area is experiencing significant growth, with over one million square feet of newly developed distribution facilities and the upcoming construction of a 120,000 sq ft K-12 school, further increasing the demand for housing. This shovel-ready site, upon permit approval, presents a unique opportunity for developers seeking a streamlined path to construction. The asking price is $4,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,647,844

  6.5%

  $4,290,318

  7%

  $3,983,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,210,822

  Geo Method

  $4,210,822

• Alternative Use

  Use

  Valuation

  Residential

  $3,619,043

  Hospitality

  $3,315,024

  Educational

  $2,758,061

  Medical

  $2,852,915

  Retail

  $4,290,318

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8833

Longitude

-80.2452

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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