1119 1St StMiami, FL 33130

Property Details for 1119 1St St

Year built

1946

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

7,140 SF

Zone code

6110:COMM/RES-DESIGN DIST

Property type

Office buildings

APN

01-4102-005-2810

APU

141020052810

Description

This single-tenant, 7,140-square-foot medical office building is located at 1119 SW 1st Street, Miami, FL 33130, in the East Little Havana submarket. Built in 2010 and renovated in the same year, the property features a single-story structure with an 11-foot ceiling height. The building sits on a 15,000-square-foot lot and includes 16 parking spaces. There are no elevators. The zoning is 6110, allowing for commercial and residential uses. The property is ideal for an owner-user or long-term lease. Year one net rent is $25,000, with the tenant responsible for all expenses. This turnkey property is in excellent condition and presents a rare opportunity to acquire a medical office building in a desirable Miami location. The APN is 01-41-02-005-2810. This is a single-suite building, ready for immediate occupancy. The property's location within the East Little Havana submarket of Miami offers excellent access to transportation and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $6,164,557

  6.5%

  $5,690,360

  7%

  $5,283,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,733,620

  Geo Method

  $2,733,620

• Alternative Use

  Use

  Valuation

  Residential

  $7,056,046

  Hospitality

  $6,463,301

  Educational

  $5,377,390

  Medical

  $5,562,327

  Retail

  $8,364,830

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7728

Longitude

-80.2135

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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