15585 232Nd StMiami, FL 33170

Property Details for 15585 232Nd St

Year built

1945

Construction

TYPE NOT SPECIFIED

Lot size

0.56 AC

Property size (Sq ft)

3,473 SF

Zone code

2100:ESTATES,15000 SQ LOT

Property type

Retail properties

Property subtype

Outlet malls

APN

30-6916-002-0120

APU

3069160020120

Description

This exceptional Miami retail property, located at 15585 SW 232nd St, offers a unique investment opportunity. Built in 1945, this single-story, free-standing building sits on a sizable 0.56-acre lot and features a total of 4,500 square feet. The property includes a 1,000 square foot office space and a 3,500 square foot warehouse equipped with convenient loading docks. Currently configured as an animal feed and supply retail store, the property is partially fenced and enjoys a prime location on busy SW 232nd Street in Miami-Dade County, Florida (zip code 33170). The property's versatility allows for continued use as a retail space or potential adaptation for agricultural purposes. The current tenant lease expires November 1, 2024. Please note that there is no signage on the property and tenant occupancy should not be disturbed. The asking price for this remarkable property is $799,000. Further details and showing instructions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,680,601

  6.5%

  $3,397,478

  7%

  $3,154,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,854,984

  Geo Method

  $2,854,984

• Alternative Use

  Use

  Valuation

  Residential

  $2,865,900

  Hospitality

  $2,625,149

  Educational

  $2,184,093

  Medical

  $2,259,207

  Retail

  $3,397,478

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.5512

Longitude

-80.4441

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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