1201 22Nd StMiami, FL 33145

Property Details for 1201 22Nd St

Year built

1965

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

2,303 SF

Zone code

7700:INDUSTRIAL,RESTRICT

Property type

Outlet malls

APN

01-3126-045-0010

APU

131260450010

Description

This exceptional mixed-use property, located at 1201 SW 22nd St, Miami, FL 33145, presents a compelling investment opportunity. Currently housing a well-established Mediterranean restaurant with over 30 years of operation, the 3,261 square foot building sits on a 10,506 square foot lot. The property boasts a fully equipped commercial kitchen, spacious dining area, and modern fixtures, making it ideal for continued restaurant operation or redevelopment. The sale may include existing furniture, fixtures, and equipment (FF&E), facilitating a smooth transition for new owners. Zoned T6-8-O, this property offers one of Miami's most flexible zoning codes, allowing for a wide range of commercial and residential uses. The building is a single-story structure with 100% occupancy and a 5.00% cap rate. Ample parking is available, enhancing convenience for customers and staff. The asking price is $2,950,000, translating to $904.63 per square foot. Its strategic location in Miami, between Brickell, Coconut Grove, and Coral Gables, ensures high visibility and consistent customer flow, making this a highly valuable long-term investment with significant potential for future expansion or redevelopment. This is a rare chance to acquire a premium commercial property in a dynamic Miami area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,922,906

  6.5%

  $2,698,068

  7%

  $2,505,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,221,951

  Geo Method

  $2,221,951

• Alternative Use

  Use

  Valuation

  Residential

  $2,275,921

  Hospitality

  $2,084,731

  Educational

  $1,734,472

  Medical

  $1,794,123

  Retail

  $2,698,068

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.798

Longitude

-80.2156

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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