2421 27Th AveMiami, FL 33142

Property Details for 2421 27Th Ave

Year built

1952

Construction

CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

3,250 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Other automotive properties

APN

01-3127-004-0160

APU

131270040160

Description

This exceptional mixed-use commercial property, located at 2421 NW 27th Ave, Miami, FL 33142, presents a unique investment opportunity in Allapattah's rapidly growing area. Built in 1952, this property boasts high visibility and strong customer engagement due to its prime location in a high-traffic zone. The 1,170,000 asking price includes a spacious office, two bathrooms, and two bay doors, along with convenient rear parking. Zoned T6-8-0, this property offers significant redevelopment potential. The current owner has successfully operated a profitable business here for over three decades, demonstrating the location's enduring commercial viability. Adding to its appeal, owner financing is available, providing flexible terms to qualified buyers. This is a rare chance to acquire a prime commercial property in a dynamic and expanding market, offering both immediate income potential and long-term growth prospects. The property's strong history, combined with its zoning and location, makes it an attractive investment for a variety of commercial uses. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $2,908,161

  6.5%

  $2,684,456

  7%

  $2,492,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,296,548

  Geo Method

  $2,296,548

• Alternative Use

  Use

  Valuation

  Residential

  $2,264,439

  Hospitality

  $2,074,214

  Educational

  $1,725,722

  Medical

  $1,785,072

  Retail

  $2,684,456

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7992

Longitude

-80.2396

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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