8727 24Th StMiami, FL 33165

Property Details for 8727 24Th St

Year built

1963

Construction

CONCRETE

Lot size

8.29 AC

Property size (Sq ft)

73,107 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Community centers

APN

30-4009-009-0010

APU

3040090090010

Description

This thriving Miami beauty salon, established in 1963 and located at 8727 SW 24th St, Miami, FL 33165, presents a unique turnkey opportunity for an entrepreneur. Priced at $99,000, the business includes all equipment and inventory, eliminating the need for significant upfront investment. The salon boasts a bright, modern interior designed to attract clientele and features multiple manicure stations, pedicure chairs, and three hair styling stations, currently staffed by three experienced hairstylists. The existing client base and skilled staff ensure immediate profitability. This well-established business is ready for a new owner to step in and continue its success. The property is situated in Miami-Dade County, Florida, offering convenient access to a large customer base. This is a rare chance to acquire a profitable, established business with all the necessary equipment and inventory already in place. The motivated seller is eager to facilitate a smooth transition for the new owner. This turnkey operation is perfect for an experienced salon professional or an aspiring entrepreneur looking for a proven business model. Don't miss this exceptional opportunity to own a successful and established beauty salon in a prime Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $30,469,642

  6.5%

  $28,125,824

  7%

  $26,116,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,983,748

  Geo Method

  $25,983,748

• Alternative Use

  Use

  Valuation

  Residential

  $23,725,184

  Hospitality

  $21,732,142

  Educational

  $18,080,886

  Medical

  $18,702,716

  Retail

  $28,125,824

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7488

Longitude

-80.3371

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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