2820 214Th StMiami, FL 33180

Property Details for 2820 214Th St

Year built

2021

Lot size

0.02 AC

Property size (Sq ft)

726 SF

Zone code

6800:COMM,PROFESS OFFICES

Property type

Retail properties

Property subtype

Outlet malls

APN

28-1234-004-1640

APU

2812340041640

Description

This exceptional 1,610 square foot retail space is ideally situated within the vibrant Aventura Health District, offering unparalleled access to a high-density concentration of medical professionals and patients. Located in the Ivory 214 building, a Class A property, this single-tenant space is part of a larger complex boasting 39,449 square feet of retail space and 321 parking spaces. The building's strategic placement puts it steps away from Aventura Hospital, a Level II Trauma Center and certified Thrombectomy-Capable Stroke Center, surrounded by over 300 medical practices. This prime location ensures high visibility and foot traffic, making it an excellent opportunity for a variety of retail businesses. The space is part of three contiguous retail spaces totaling 5720 square feet, offering flexibility for businesses needing more or less space. The property features three parking spaces dedicated to this unit. The zoning designation is 6800, and the APN is 28-12-34-004-1600. This is a unique opportunity to establish a thriving business in a high-demand medical hub. The asking price reflects a reduced rate for a quick sale, at $799 per square foot. Rental options are also available, with a rate of $77 per square foot NNN.

• CAP approach

  CAP return

  Valuation

  6%

  $567,449

  6.5%

  $523,799

  7%

  $486,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,450

  Geo Method

  $700,450

• Alternative Use

  Use

  Valuation

  Residential

  $441,844

  Hospitality

  $404,727

  Educational

  $336,728

  Medical

  $348,308

  Retail

  $523,799

Location Insight

City

Aventura

County

Miami-dade

State

Florida

Latitude

25.973

Longitude

-80.145

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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