625 1St AveMiami, FL 33130

Property Details for 625 1St Ave

Year built

1953

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

6,190 SF

Zone code

6408:RAPID TRANS-HI DENS

Property type

Retail properties

Property subtype

Outlet malls

APN

01-0205-030-1061

APU

102050301061

Description

This exceptional 6,500-square-foot showroom, located at 625 SW 1st Ave in Miami, Florida's prestigious Brickell submarket, presents a unique opportunity for discerning businesses. The single-tenant space boasts a Class A designation and underwent a complete renovation in 2017. Its strategic location offers unparalleled visibility and accessibility, situated in the heart of Brickell's vibrant commercial district. The property features floor-to-ceiling glass windows providing exceptional natural light and showcasing the interior to passersby on South Miami Avenue, directly facing Brickell City Centre. The building is a single-story structure with a total of 6,500 square feet, currently entirely vacant and ready for immediate occupancy. The zoning designation is 6408. The property's APN is 01-02-05-030-1061. The ideal tenant would be a luxury retailer, design firm, or fashion brand seeking a flagship location to capitalize on Brickell's high-end clientele and foot traffic. Parking information is available upon request. This fully customizable space allows for branding flexibility, making it an exceptional opportunity to establish a prominent presence in one of Miami's most sought-after areas. The property is categorized as Retail and Restaurant, with a Showroom subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $7,856,184

  6.5%

  $7,251,862

  7%

  $6,733,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,972,156

  Geo Method

  $5,972,156

• Alternative Use

  Use

  Valuation

  Residential

  $6,117,217

  Hospitality

  $5,603,338

  Educational

  $4,661,912

  Medical

  $4,822,242

  Retail

  $7,251,862

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7678

Longitude

-80.1949

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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