300 17Th AveMiami, FL 33135

Property Details for 300 17Th Ave

Year built

1956

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

6,893 SF

Zone code

6101

Property type

Retail properties

Property subtype

Outlet malls

APN

01-4103-014-1400

APU

141030141400

Description

This exceptional Miami retail property, located at 300 SW 17th Ave, offers a compelling investment opportunity with a 6.20% cap rate. The 6,893 square foot building sits on a 9,029 square foot lot and is currently vacant, presenting a unique chance for owner-users or investors. Built in 1956, the property underwent a complete renovation in 2022, encompassing new electrical systems, plumbing, HVAC, and grease traps. The four units are ideal for QSR or restaurant operations, benefiting from high ceilings and modern amenities. The property's prime location in Miami, Florida (33135), provides excellent visibility and accessibility. With a Net Operating Income (NOI) of $217,070 and an asking price of $3,500,000, this property offers a strong return on investment. The property features 24-hour access and ample signage potential, maximizing its appeal to potential tenants. This fully occupied, high-performing asset is ready for immediate returns. The price per square foot is $507.76.

• CAP approach

  CAP return

  Valuation

  6%

  $8,748,413

  6.5%

  $8,075,458

  7%

  $7,498,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,650,416

  Geo Method

  $6,650,416

• Alternative Use

  Use

  Valuation

  Residential

  $6,811,951

  Hospitality

  $6,239,710

  Educational

  $5,191,366

  Medical

  $5,369,905

  Retail

  $8,075,458

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7696

Longitude

-80.2229

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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