1051 14Th StMiami, FL 33136

Property Details for 1051 14Th St

Year built

1994

Construction

CONCRETE

Lot size

1.17 AC

Property size (Sq ft)

270,983 SF

Zone code

9600:HOSPITALS

Property type

Retail properties

Property subtype

Other automotive properties

APN

01-3135-057-0011

APU

131350570011

Description

This exceptional turnkey restaurant space, totaling 1,528 square feet, is available for lease within a larger 20,000 square foot multi-tenant building located at 1051 NW 14th St, Miami-Dade County, near NW 10th Ave. Built in 1990, this end-cap unit boasts a prime location in the vibrant Wynwood/Miami Dade Medical District, experiencing high foot traffic and visibility due to its placement within a busy commercial area with thousands of vehicles passing daily. The space is fully built-out and ready for immediate occupancy, representing a significant advantage for a quick-service restaurant, cafe, or similar establishment. This second-generation restaurant space is perfectly positioned to capitalize on the increased foot traffic generated by the return of office workers to the area. The property's multi-tenant nature offers a synergistic environment, while the end-cap location provides excellent street exposure. This is a unique opportunity to establish or relocate your business in a thriving and highly visible location. The space is ideal for a restaurant, cafe, or coffee shop concept.

• CAP approach

  CAP return

  Valuation

  6%

  $343,924,448

  6.5%

  $317,468,704

  7%

  $294,792,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,446,352

  Geo Method

  $261,446,352

• Alternative Use

  Use

  Valuation

  Residential

  $267,796,736

  Hospitality

  $245,300,368

  Educational

  $204,087,024

  Medical

  $211,105,888

  Retail

  $317,468,704

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7881

Longitude

-80.2121

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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