975 125Th StNorth Miami, FL 33161

Property Details for 975 125Th St

Year built

1960

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

1,874 SF

Zone code

6000:COMMERCIAL,GENERAL

Property type

Turn key restaurants

APN

06-2230-007-1610

APU

622300071610

Description

This 1,767-square-foot freestanding restaurant building in North Miami, Florida (33161), presents a compelling investment opportunity. Located at 975 NE 125th St, this single-tenant property boasts excellent visibility on a busy road with high traffic volume. The building features ten parking spaces, a significant advantage for customers and staff. The property is zoned 6000 and has a total of one suite across one story. Previously occupied by a restaurant for over 20 years, the space includes two hoods, a walk-in cooler/freezer, and a grease trap requiring upgrades. While renovations are needed, the existing layout provides a solid foundation for a new restaurant concept. The property benefits from its proximity to a Planet Fitness and City Hall, and its location on a major thoroughfare leading to the beach and major highways. The surrounding area is experiencing significant new residential development, promising a growing customer base. The base rent is $47.53 per square foot per year, with an estimated CAM of $8.57 per square foot per year. A key money requirement of $25,000 is in place. APN: 06-22-30-007-1610.

• CAP approach

  CAP return

  Valuation

  6%

  $1,787,254

  6.5%

  $1,649,773

  7%

  $1,531,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,808,049

  Geo Method

  $1,808,049

• Alternative Use

  Use

  Valuation

  Residential

  $1,391,645

  Hospitality

  $1,274,739

  Educational

  $1,060,568

  Medical

  $1,097,043

  Retail

  $1,649,773

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8909

Longitude

-80.1789

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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