1841 20Th StMiami, FL 33142

Property Details for 1841 20Th St

Year built

1976

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

6,390 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Outlet malls

APN

01-3127-045-0690

APU

131270450690

Description

This exceptional 1,500-square-foot freestanding retail building presents a unique opportunity in Miami's thriving Allapattah neighborhood. Situated on NW 20th Street, this single-tenant property boasts ample parking, making it highly attractive to a diverse range of businesses. The zoning designation is 6100, offering flexibility for various uses including retail stores, medical offices, lounges, or professional offices. The building's location within Allapattah provides immediate access to a robust business community, a substantial local workforce, and convenient connections to key areas of Miami. Commuting is simplified by its proximity to major thoroughfares such as I-95 and the Dolphin Expressway (826), ensuring easy access to downtown Miami, Brickell, Miami International Airport, and the civic center. This property is an ideal investment for entrepreneurs seeking a well-positioned space in a rapidly growing and dynamic urban setting. The property's APN is 01-31-27-045-0690. This is a rare opportunity to establish a business in a vibrant and strategically located area of Miami.

• CAP approach

  CAP return

  Valuation

  6%

  $8,110,018

  6.5%

  $7,486,171

  7%

  $6,951,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,165,118

  Geo Method

  $6,165,118

• Alternative Use

  Use

  Valuation

  Residential

  $6,314,866

  Hospitality

  $5,784,382

  Educational

  $4,812,538

  Medical

  $4,978,049

  Retail

  $7,486,171

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.795

Longitude

-80.2261

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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