9100 17Th AveMiami, FL 33147

Property Details for 9100 17Th Ave

Year built

1961

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

5,034 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Outlet malls

APN

30-3103-011-1130

APU

3031030111130

Description

This exceptional retail plaza, located at 9100 NW 17th Ave, Miami, FL 33147, presents a compelling investment opportunity. The property, built in 1961, boasts four retail stores situated at a busy intersection off 17th Avenue in Miami-Dade County. Its prime location ensures high visibility and significant foot traffic, contributing to strong potential for rental income. Currently, the property is tenant-occupied with month-to-month leases, offering immediate cash flow and flexibility for future management. A recently installed brand new roof minimizes immediate maintenance needs, reducing upfront capital expenditures. The property's location within a rapidly expanding area of Miami suggests significant potential for future value appreciation and increased rental income. This is an ideal investment for those seeking a stable, income-generating asset with considerable upside potential in a thriving market. The asking price for this exceptional retail plaza is $1,500,000. This opportunity is unlikely to last.

• CAP approach

  CAP return

  Valuation

  6%

  $4,800,979

  6.5%

  $4,431,673

  7%

  $4,115,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,856,840

  Geo Method

  $4,856,840

• Alternative Use

  Use

  Valuation

  Residential

  $3,738,282

  Hospitality

  $3,424,246

  Educational

  $2,848,933

  Medical

  $2,946,912

  Retail

  $4,431,673

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8578

Longitude

-80.2261

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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