7251 2Nd AveMiami, FL 33138

  • Office properties
  • 21,986 SF
For Lease
$36/SF/YR View listing

Property Details for 7251 2Nd Ave

Year built
1957
Construction
CONCRETE
Lot size
0.60 AC
Property size (Sq ft)
21,986 SF
Zone code
7700:INDUSTRIAL,RESTRICT
Property type
Office properties
Property subtype
Office buildings
APN
01-3207-013-0010
APU
132070130010

Description

This Little River, Miami property, built in 1957, offers 19,205 square feet of creative office space across two stories. The building features four available suites, each approximately 1,100 square feet. Ideal for a variety of businesses, this property boasts high ceilings, mezzanines, and abundant natural light, fostering a productive and inspiring work environment. Security and accessibility are enhanced by ample gated parking and impact windows. The flexible layout caters to diverse needs, making it suitable for hospitality, art, or wellness-focused businesses. The property's location in Little River provides convenient access to Miami's vibrant cultural scene and amenities. The building's unique character and modern amenities combine to create a highly desirable workspace. The property's Assessed Parcel Number (APN) is 01-3207-013-0010. This multi-tenant building presents a unique opportunity for businesses seeking a functional and versatile space in a thriving Miami neighborhood. The property is classified as both Retail and Office, with a Creative Office subtype. The building's design and features make it an excellent choice for companies valuing both aesthetics and functionality. The combination of ample natural light, high ceilings, and mezzanines creates a spacious and inviting atmosphere. The secure gated parking adds a significant advantage for tenants and their clients.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $14,264,137
    6.5%
    $13,166,896
    7%
    $12,226,403
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,417,560
    Geo Method
    $8,417,560
  • Alternative Use

    Use
    Valuation
    Residential
    $16,326,951
    Hospitality
    $14,955,399
    Educational
    $12,442,716
    Medical
    $12,870,640
    Retail
    $19,355,336
7251 2Nd Ave, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.8417
Longitude
-80.1919
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$88,393
$1,359,072
$3,689,928
$5,049,000
-
$1,359,072
$3,689,928
$5,049,000

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