450 125Th StNorth Miami, FL 33161

Property Details for 450 125Th St

Year built

1958

Construction

CONCRETE

Lot size

1.66 AC

Property size (Sq ft)

21,401 SF

Zone code

6000:COMMERCIAL,GENERAL

Property type

Retail properties

Property subtype

Outlet malls

APN

06-2230-037-0020

APU

622300370020

Description

This exceptional retail investment opportunity presents a 64,303-square-foot strip center located at 450 NE 125th St, North Miami, Florida, 33161, in Miami-Dade County. The property offers a flexible layout suitable for a variety of retail uses, with a minimum divisible space of 546 square feet and a maximum contiguous space of 14,250 square feet. Currently, a 14,250-square-foot parcel is vacant, presenting a significant opportunity for expansion or lease to a single, large tenant. The property's strategic location in North Miami provides excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and strong consumer demographics. The multiple tenancy structure allows for diverse income streams and a robust tenant mix. This well-maintained property offers a compelling investment opportunity in a thriving retail market. The property's address is easily accessible from major roadways, ensuring convenient access for both customers and employees. With its substantial size and flexible space options, this retail center is well-positioned for long-term growth and profitability. The property is situated in a dynamic area of North Miami, offering a strong potential for return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $20,410,360

  6.5%

  $18,840,332

  7%

  $17,494,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,647,838

  Geo Method

  $20,647,838

• Alternative Use

  Use

  Valuation

  Residential

  $15,892,526

  Hospitality

  $14,557,468

  Educational

  $12,111,643

  Medical

  $12,528,180

  Retail

  $18,840,332

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8896

Longitude

-80.1892

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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