18851 29Th AveAventura, FL 33180

Property Details for 18851 29Th Ave

Year built

2003

Construction

CONCRETE

Lot size

3.85 AC

Property size (Sq ft)

520,206 SF

Zone code

7703:MARINE ACTIVITY REL

Property type

Office buildings

APN

28-2203-062-0010

APU

2822030620010

Description

This exceptional 4022-square-foot office space at 18851 NE 29th Ave #601 offers breathtaking east-facing views of the bay and its yachts. The single-tenant unit is ideally suited for a variety of businesses, boasting a versatile layout perfect for traditional, creative, or medical office uses. High-end finishes throughout create an impressive and professional atmosphere. The space includes a welcoming foyer, eight individual offices, a fully equipped kitchen, a large conference room with capacity for 50 people, and a dedicated lunch area. The unit's zoning is 7703, and its APN is 28-22-03-062-0010. Parking is readily available for this unit, with valet services also an option. This move-in ready space is perfect for a business seeking a prestigious and functional location with unparalleled views. The property is zoned for retail, office, and is currently configured as a traditional, creative, and medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $276,597,440

  6.5%

  $255,320,720

  7%

  $237,083,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,166,064

  Geo Method

  $199,166,064

• Alternative Use

  Use

  Valuation

  Residential

  $316,597,696

  Hospitality

  $290,001,792

  Educational

  $241,278,080

  Medical

  $249,576,000

  Retail

  $375,321,440

Location Insight

City

Aventura

County

Miami-dade

State

Florida

Latitude

25.9499

Longitude

-80.1419

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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