123 23Rd StMiami, FL 33127

Property Details for 123 23Rd St

Year built

1940

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

3,000 SF

Zone code

6101

Property type

Office buildings

APN

01-3125-038-0110

APU

131250380110

Description

This exceptional 3,000-square-foot warehouse, located in the vibrant Wynwood Arts District of Miami, presents a unique opportunity for businesses seeking a creative and inspiring workspace. The property is zoned 6101 and features a single-tenant occupancy within a modern boutique building known as "Carbon." The space boasts eight fully furnished offices, perfect for a startup or expanding e-commerce venture. Beyond the individual offices, the building offers inviting common areas, including a well-equipped meeting room and a convenient kitchenette, fostering collaboration and productivity. The building's prime location places your business in the heart of Wynwood's dynamic urban-tech hub, surrounded by a diverse array of restaurants, shops, and bars, providing ample opportunities for networking and employee amenities. With four dedicated parking spaces, convenient access is ensured. The property's flexible design also lends itself to pop-up events and collaborations, offering a unique platform to showcase brands, retail concepts, or art galleries within Wynwood's thriving cultural scene. The property's APN is 01-31-25-038-0110. This is a single-suite building offering a complete and self-contained workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $2,590,150

  6.5%

  $2,390,908

  7%

  $2,220,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,148,580

  Geo Method

  $1,148,580

• Alternative Use

  Use

  Valuation

  Residential

  $2,964,726

  Hospitality

  $2,715,672

  Educational

  $2,259,408

  Medical

  $2,337,112

  Retail

  $3,514,634

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7993

Longitude

-80.1974

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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