39 1St AveMiami, FL 33132
- Retail properties
- 8,100 SF
Property Details for 39 1St Ave
- Year built
- 1910
- Construction
- CONCRETE
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 8,100 SF
- Zone code
- 6401:COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Outlet malls
- APN
- 01-0111-070-1040
- APU
- 101110701040
Description
This exceptional five-story, 19,491 square foot commercial property, built in 1910 and renovated in 2022, is located at 39 NE 1st Ave, Miami, FL 33132. The building sits on a 0.17-acre lot (75,000 sq ft) and offers a variety of workspace options, including traditional office suites, executive offices, and coworking spaces. Currently, there are 21 spaces available, ranging from 50 to 152 square feet. The building features a single traction elevator and one parking space. Its T6 zoning allows for diverse commercial uses. The property's prime downtown Miami location places it steps from the Miami Worldcenter Plaza, home to a future Apple Store, and is surrounded by prestigious new developments. This presents a unique opportunity to establish a business in a vibrant and rapidly growing area. The building's blend of historic charm and modern updates creates a unique and attractive workspace. The multiple tenancy structure offers flexibility for various business needs.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $10,280,305
- 6.5%
- $9,489,512
- 7%
- $8,811,690
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,814,938
- Geo Method
- $7,814,938
-
Alternative Use
- Use
- Valuation
- Residential
- $8,004,759
- Hospitality
- $7,332,316
- Educational
- $6,100,401
- Medical
- $6,310,203
- Retail
- $9,489,512
Location Insight
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.775
- Longitude
- -80.1917
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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