14441 27Th AveOpa-locka, FL 33054

Property Details for 14441 27Th Ave

Year built

1940

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

2,256 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Retail properties

Property subtype

Outlet malls

APN

08-2122-002-0150

APU

821220020150

Description

This exceptional 0.275-acre commercial land parcel, located at 14441 NW 27th Ave in Opa-locka, Florida (APN 08-21-22-002-0150), presents a compelling investment opportunity. Boasting 1,881 square feet and a desirable B2 zoning designation, this property offers significant potential for a wide range of commercial ventures. The lot enjoys high visibility with 100 feet of frontage on NW 27th Ave, a major thoroughfare, strategically positioned near the intersection of SR 9 and Ali Baba Avenue. Its prime location is just one block from Opa-locka's revitalized downtown area, featuring a newly constructed Community Center and Police Department. This property is part of the Community Redevelopment Agency's (CRA) revival plan, suggesting potential for incentives. The B2 zoning allows for a diverse array of retail and service businesses. Opa-locka's strategic location offers easy access to major transportation arteries, including I-95, I-75, and the Turnpike. The area is experiencing significant growth, highlighted by the presence of a new Amazon Warehouse Hub, Opa-locka Executive Airport, and a newly built Tri Rail Station. The asking price for this exceptional property is $829,000. Don't miss this chance to capitalize on the growth and potential of Opa-locka.

• CAP approach

  CAP return

  Valuation

  6%

  $892,103

  6.5%

  $823,480

  7%

  $764,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $801,829

  Geo Method

  $801,829

• Alternative Use

  Use

  Valuation

  Residential

  $694,636

  Hospitality

  $636,283

  Educational

  $529,380

  Medical

  $547,586

  Retail

  $823,480

Location Insight

City

Opa Locka

County

Miami-dade

State

Florida

Latitude

25.9057

Longitude

-80.2436

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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