14566 22Nd AveOpa-locka, FL 33054

Property Details for 14566 22Nd Ave

Year built

1950

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

7,344 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Outlet malls

APN

08-2122-005-0120

APU

821220050120

Description

This exceptional 7,344-square-foot retail property, located at 14566 NW 22nd Ave in Opa-locka, Florida, presents a compelling investment and development opportunity. Currently vacant, this single-story, 1950-built building sits on a spacious 17,811-square-foot lot and offers ample parking with 20 spaces. Priced at $1,600,000 ($217.86/SF), the property boasts versatile B-2 zoning, allowing for a variety of retail uses, including fast food and grocery stores. A mixed-use zoning overlay further enhances its potential, permitting up to 150 dwelling units per acre and up to eight stories, making it ideal for developers seeking to capitalize on the area's growth within the Urban Development Boundary. The property's prime location ensures high visibility and accessibility, making it an attractive proposition for owner-users and investors alike. The anticipated occupancy date is November 1, 2024. This is a 100% ownership opportunity. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $2,904,080

  6.5%

  $2,680,689

  7%

  $2,489,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,610,210

  Geo Method

  $2,610,210

• Alternative Use

  Use

  Valuation

  Residential

  $2,261,262

  Hospitality

  $2,071,304

  Educational

  $1,723,300

  Medical

  $1,782,567

  Retail

  $2,680,689

Location Insight

City

Opa Locka

County

Miami-dade

State

Florida

Latitude

25.9071

Longitude

-80.2362

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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