7251 2Nd AveMiami, FL 33138

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 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.

• 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

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

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