203 35Th StMiami, FL 33127
- Mixed-use properties
- 1,590 SF
Property Details for 203 35Th St
- Year built
- 1936
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 1,590 SF
- Zone code
- 6101
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 01-3125-019-0550
- APU
- 131250190550
Description
This exceptional property presents a unique development opportunity in Miami's vibrant Wynwood North/Midtown District. Located at 203 NW 35th St, Miami, FL 33127, this property is zoned T5-0 General Commercial, offering significant versatility for redevelopment. The property consists of a 3-bedroom, 2-bathroom house and an attached grocery store, each with its own electric meter. This allows for seamless separation and independent operation of the two spaces, presenting a multitude of potential uses. The combined property sits on a coveted corner lot, maximizing visibility and accessibility. The asking price is $2,200,000. This is an ideal investment for a developer seeking to capitalize on the rapidly growing Wynwood area, creating a landmark property that reflects the district's unique character and artistic energy. The property's location in Miami-Dade County provides easy access to major transportation routes and a thriving local community. This is a rare chance to acquire a substantial property with significant potential in one of Miami's most sought-after neighborhoods. The existing structures provide a solid foundation for a variety of development projects, from adaptive reuse to new construction. Don't miss this chance to shape the future of Wynwood.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,279,140
- 6.5%
- $1,180,745
- 7%
- $1,096,406
-
Comparable approach
- Method
- Valuation
- Relative Method
- $943,558
- Geo Method
- $943,558
-
Alternative Use
- Use
- Valuation
- Residential
- $1,180,745
- Hospitality
- $1,081,556
- Educational
- $899,842
- Medical
- $930,789
- Retail
- $1,399,754
Location Insight
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.8098
- Longitude
- -80.1995
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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