1251 36Th StMiami, FL 33142

Property Details for 1251 36Th St

Year built

1945

Construction

CONCRETE

Lot size

1.72 AC

Property size (Sq ft)

37,102 SF

Zone code

6107:RESID-MEDIUM RETAIL

Property type

Office properties

Property subtype

Office buildings

APN

01-3123-037-5330

APU

131230375330

Description

This exceptional special-purpose property at 1251 NW 36th Street offers a versatile 36,953-square-foot space ideal for a variety of uses. Its strategic corner location provides excellent visibility and accessibility. The layout includes a substantial ground floor area of approximately 4,500 square feet, complemented by an additional approximately 2,000 square feet of office space on the second floor. This presents a unique opportunity for businesses seeking a blend of showroom, office, or storage space. Currently zoned 6107, the property is priced competitively at $16 per square foot gross rent, making it one of the most attractive options in the area. While the property requires some improvements, including a new floor installation and power reconnection, the landlord is prepared to undertake these renovations upon securing a tenant. This commitment ensures a swift transition to occupancy for the right business. The property's secure, clean, and dry environment makes it an excellent solution for diverse operational needs. The APN is 01-31-23-037-5330. This single-tenant building presents a rare opportunity to acquire a substantial space at an exceptional price point.

• CAP approach

  CAP return

  Valuation

  6%

  $24,071,136

  6.5%

  $22,219,510

  7%

  $20,632,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,204,872

  Geo Method

  $14,204,872

• Alternative Use

  Use

  Valuation

  Residential

  $27,552,194

  Hospitality

  $25,237,660

  Educational

  $20,997,438

  Medical

  $21,719,572

  Retail

  $32,662,680

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8102

Longitude

-80.2172

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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