20450 2Nd AveMiami, FL 33169

Property Details for 20450 2Nd Ave

Year built

1970

Construction

CONCRETE

Lot size

1.79 AC

Property size (Sq ft)

18,726 SF

Zone code

6500:COMMERCIAL,CLASSIF

Property type

Office properties

Property subtype

Office buildings

APN

34-1136-002-0101

APU

3411360020101

Description

This exceptional 17,185 square foot restaurant space is located at 20450 NW 2nd Ave #20466 in Miami Gardens, Florida, zip code 33169. Situated on US 441, this single-tenant property boasts a highly visible corner location, ensuring maximum exposure to the significant vehicular traffic flow. The property is zoned 6500 and features a grease trap, making it ideally suited for continued restaurant operations or similar food service businesses. The building itself comprises a single suite, offering a spacious and functional layout for a variety of uses. The property's APN is 34-11-36-002-0101. This prime location in Miami Gardens offers unparalleled access and visibility, providing an excellent opportunity for businesses to thrive in a vibrant and densely populated area. The strategic positioning capitalizes on the strong purchasing power of the surrounding demographics, making it an attractive investment for those seeking a high-traffic, high-visibility location. This is a rare opportunity to acquire a substantial commercial space in a desirable area. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,037,367

  6.5%

  $4,649,878

  7%

  $4,317,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,641,115

  Geo Method

  $2,641,115

• Alternative Use

  Use

  Valuation

  Residential

  $5,765,848

  Hospitality

  $5,281,486

  Educational

  $4,394,134

  Medical

  $4,545,255

  Retail

  $6,835,320

Location Insight

City

Miami Gardens

County

Miami-dade

State

Florida

Latitude

25.964

Longitude

-80.2063

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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