309 23Rd StMiami Beach, FL 33139

Property Details for 309 23Rd St

Year built

1926

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

34,964 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02-3226-001-0530

APU

232260010530

Description

This exceptional Miami Beach office space, located in the exclusive Collins Park neighborhood, offers a unique opportunity for businesses seeking a prestigious address. The property comprises a single, three-story building with a total of 32,620 square feet, currently configured with multiple smaller suites available for lease. One available suite offers 878 square feet of well-lit space, perfect for a small team or individual professional. The entire floor, totaling 5,648 square feet, could also be leased. A short-term lease is currently in place until Summer 2025, presenting flexibility for various lease terms. The building boasts a shared outdoor patio, providing a pleasant amenity for tenants. A polished dining restaurant on the ground floor offers convenient client entertainment options. The building's prime location is just two blocks from the ocean and boardwalk, and within close proximity to the W and One Hotels, The Bass Museum, Miami City Ballet School, the public library, and the fire department headquarters. Miami Beach High School is three blocks away, and the renowned Miami Beach Golf Club is a short five-block walk. The property's zoning is 6600, and it features one parking space. The APN is 02-32-26-001-0530. This boutique office building offers a unique blend of convenience, prestige, and amenity-rich surroundings, making it an ideal location for discerning businesses. The neighboring building is a newly developed Class A office building, further enhancing the area's appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $37,432,296

  6.5%

  $34,552,888

  7%

  $32,084,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,748,792

  Geo Method

  $20,748,792

• Alternative Use

  Use

  Valuation

  Residential

  $34,552,888

  Hospitality

  $31,650,260

  Educational

  $26,332,644

  Medical

  $27,238,264

  Retail

  $40,961,892

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.799

Longitude

-80.1292

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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