7000 2Nd AveMiami, FL 33150

Property Details for 7000 2Nd Ave

Year built

1953

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

10,836 SF

Zone code

6101

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-3113-023-0040

APU

131130230040

Description

This exceptional 7,727 square foot special purpose building, located at 7000 NW 2nd Ave, offers a unique single-tenant occupancy opportunity. The property is zoned 6101 and features multiple spaces, each approximately 700 square feet, with impact glass doors and windows, private restrooms, and independently controlled HVAC systems. Ceiling heights reach up to 15 feet in several areas, providing versatile space ideal for office, studio, or flex uses. Ample shared parking is conveniently located directly in front of the building. The property's prime location offers significant advantages for businesses seeking a high-visibility address. This single-building property (APN 01-31-13-023-0040) presents a rare chance to acquire a well-maintained and strategically situated commercial space. The building's design and features cater to a variety of potential tenants, making it an attractive investment opportunity. The single-tenant configuration simplifies management and provides a stable income stream. The convenient parking and desirable location further enhance the property's appeal. This is an exceptional opportunity to secure a well-positioned commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,717,460

  6.5%

  $8,046,886

  7%

  $7,472,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,430,440

  Geo Method

  $6,430,440

• Alternative Use

  Use

  Valuation

  Residential

  $8,046,886

  Hospitality

  $7,370,904

  Educational

  $6,132,506

  Medical

  $6,343,412

  Retail

  $9,539,454

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8392

Longitude

-80.2009

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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