123 23Rd StMiami, FL 33127

  • Office properties
  • 3,000 SF
For Lease
$49/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
123 23Rd St, Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,936
$787,500
$224,993
$1,012,493
-
$787,500
$224,993
$1,012,493

FAQs

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