8737 24Th StMiami, FL 33165

Property Details for 8737 24Th St

Year built

1961

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

3,290 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

30-4009-009-0013

APU

3040090090013

Description

This exceptional single-story retail center, located at 8737 SW 24th St in Miami, Florida (zip code 33165), offers 163,068 square feet of prime retail space. The property boasts 26 individual suites, providing ample opportunity for a diverse range of businesses. Its convenient location in Miami-Dade County ensures high visibility and accessibility for customers. The center features a substantial 617-space parking lot, guaranteeing convenient parking for shoppers and employees. The property's multiple tenancy structure allows for flexibility and a vibrant retail environment. This is an excellent investment opportunity for those seeking a well-established retail center in a thriving Miami location. The property is situated on Coral Way (SW 24th St) & SW 87th Avenue, benefiting from significant foot and vehicle traffic. The single-story design provides easy navigation and accessibility for all tenants and customers. With its substantial size and ample parking, this retail center presents a unique opportunity to establish or expand a retail presence in a high-demand area of Miami. The property's strategic location and substantial size make it an ideal investment for long-term growth and profitability. Serious inquiries are encouraged to explore this exceptional retail opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,371,211

  6.5%

  $1,265,733

  7%

  $1,175,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,334

  Geo Method

  $1,169,334

• Alternative Use

  Use

  Valuation

  Residential

  $1,067,693

  Hospitality

  $978,001

  Educational

  $813,686

  Medical

  $841,670

  Retail

  $1,265,733

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7483

Longitude

-80.3361

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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