823 125Th StNorth Miami, FL 33161

Property Details for 823 125Th St

Year built

1985

Construction

CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

3,500 SF

Zone code

6000:COMMERCIAL,GENERAL

Property type

Retail properties

Property subtype

Outlet malls

APN

06-2230-007-1210

APU

622300071210

Description

The Taft Retail Center presents a unique opportunity for retail businesses seeking a well-established presence in a thriving area. This single-story, 21,600 square foot shopping center, constructed of concrete block and stucco, offers a versatile space ideal for a variety of retail concepts. Built in 1948 with renovations completed in 1985, the property is in good condition and boasts a rectangular footprint. Currently, 2,000 square feet of retail space is immediately available, divisible into units as small as 750 square feet, with a maximum contiguous space of 2,000 square feet. All utilities are readily accessible. The center's convenient location and established presence make it an attractive option for businesses seeking high visibility and foot traffic. This is an excellent opportunity to secure a space in a well-maintained, functional retail center with a proven track record. The property's solid construction and readily available utilities ensure a smooth and efficient operation for any tenant. The flexible space options cater to a wide range of business needs, making it an ideal location for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $3,337,987

  6.5%

  $3,081,219

  7%

  $2,861,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,376,825

  Geo Method

  $3,376,825

• Alternative Use

  Use

  Valuation

  Residential

  $2,599,124

  Hospitality

  $2,380,783

  Educational

  $1,980,784

  Medical

  $2,048,906

  Retail

  $3,081,219

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8908

Longitude

-80.1818

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].