67 166Th StMiami, FL 33169

  • Office properties
  • 1,623 SF
For Sale
$1,999,999 View listing

Property Details for 67 166Th St

Year built
1973
Construction
CONCRETE
Lot size
0.15 AC
Property size (Sq ft)
1,623 SF
Zone code
6400:COMMERCIAL,CENTRAL
Property type
Office properties
Property subtype
Office buildings
APN
30-2113-007-3260
APU
3021130073260

Description

This free-standing distribution center, located in North Miami Beach's industrial/retail corridor, offers exceptional access to the Golden Glades Interchange. The 3,145 square foot building sits on a 6,750 square foot lot, providing ample space for fleet and delivery vehicles. Features include 18-foot ceilings, an 800 square foot mezzanine, two air conditioning units, two bathrooms, updated electrical systems, and a newer exterior fence. Eleven private parking spaces are also available. The property boasts high-standard upkeep and low maintenance, making it an attractive investment opportunity. With its zoning designated as 6400 COMMERCIAL - CENTRAL, this building is ideal for owner-users, investors, or corporate headquarters. The existing structure can easily accommodate single or multi-tenant occupancy with the addition of a dividing wall. The building's potential for up to five stories of office space adds significant future development possibilities. This is a ready-to-sell asset that will impress with its functionality and location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $436,593
    6.5%
    $403,009
    7%
    $374,223
  • Comparable approach

    Method
    Valuation
    Relative Method
    $228,908
    Geo Method
    $228,908
  • Alternative Use

    Use
    Valuation
    Residential
    $499,731
    Hospitality
    $457,751
    Educational
    $380,844
    Medical
    $393,942
    Retail
    $592,424
67 166Th St, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.9274
Longitude
-80.2014
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,395
$216,000
$99,090
$315,090
-
$216,000
$99,090
$315,090

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