67 166Th StMiami, FL 33169

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $494,806

  6.5%

  $456,744

  7%

  $424,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $228,908

  Geo Method

  $228,908

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $904,515

  Retail / Commercial

  $462,795

  Mixed-Use / Specialty

  $460,329

  Hospitality / Lodging

  $336,666

  Institutional / Educational

  $478,265

  Residential Income

  $559,570

  Multifamily

  $675,642

  Automotive / Energy

  $409,941

  Parking / Income-Based Land

  $142,272

  Restaurant / Food Service

  $237,679

  Healthcare / Senior Housing

  $472,895

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

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