1390 22Nd StMiami, FL 33142

Property Details for 1390 22Nd St

Lot size

0.16 AC

Zone code

7700:INDUSTRIAL,RESTRICT

Property type

Retail properties

Property subtype

Parking lots & garages

APN

01-3126-045-0320

APU

131260450320

Description

This exceptional 0.16-acre commercial and industrial land parcel presents a compelling development opportunity in Miami's rapidly evolving Allapattah neighborhood. Located at 1390 NW 22nd St, Miami, FL 33142, this 7,125 square foot lot is zoned D2-Industrial, allowing for diverse development options due to flexible zoning regulations and high lot coverage. The property's strategic location benefits from the ongoing expansion of neighboring Wynwood, driving significant property value appreciation potential. This is a rare chance to acquire a versatile investment in a burgeoning Miami area. The parcel's Miami-Dade County location, with APN 01-3126-045-0320, offers easy access to major transportation routes and amenities. The asking price for this exceptional property is $1,000,000. This represents a unique chance to capitalize on the growth and future potential of Allapattah. Don't miss this chance to secure a prime piece of Miami real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $9,042,861

  6.5%

  $8,347,256

  7%

  $7,751,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,874,252

  Geo Method

  $6,874,252

• Alternative Use

  Use

  Valuation

  Residential

  $7,041,223

  Hospitality

  $6,449,722

  Educational

  $5,366,094

  Medical

  $5,550,642

  Retail

  $8,347,256

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7974

Longitude

-80.2192

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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