17701 232Nd StMiami, FL 33170

Property Details for 17701 232Nd St

Year built

1967

Construction

CONCRETE

Lot size

0.87 AC

Property size (Sq ft)

5,210 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

30-6813-000-0290

APU

3068130000290

Description

This exceptional free-standing restaurant building presents a unique investment opportunity in Miami, Florida. Located at 17701 SW 232nd St, Miami, FL 33170, this property boasts a substantial 37,981 square foot lot, nearly one acre in size. Built in 1967, the building is zoned for restaurant or cafeteria use (2111) within the PA Primary Zone and 6400 COMMERCIAL - CENTRAL designation. The asking price is $3,650,000. Probate court approval is required for the sale. This prime location offers significant potential for a variety of food service businesses. The property's strategic positioning benefits from the proximity of a gas station to the right and adjacent vacant land with Krome Ave frontage, which are also available for purchase. This presents a rare chance to acquire a substantial commercial property in a high-traffic area of Miami-Dade County. The property's size and zoning provide flexibility for expansion or redevelopment. Serious inquiries only. Do not trespass on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $5,517,282

  6.5%

  $5,092,876

  7%

  $4,729,099

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,280,018

  Geo Method

  $4,280,018

• Alternative Use

  Use

  Valuation

  Residential

  $4,296,031

  Hospitality

  $3,935,142

  Educational

  $3,273,992

  Medical

  $3,386,589

  Retail

  $5,092,876

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.5508

Longitude

-80.4787

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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