8870 40Th StMiami, FL 33165

Property Details for 8870 40Th St

Year built

1984

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

11,866 SF

Zone code

6062

Property type

Community centers

APN

30-4021-000-0271

APU

3040210000271

Description

This exceptional retail opportunity is located at 8870 SW 40th St, Miami, FL 33165, in Miami-Dade County. The property, known as Shops of Bird Road #2, is a 14,000 square foot shopping center, formerly an insurance office, offering multiple tenancy options. Currently, there is 2,250 square feet of vacant space available, divisible into units as small as 750 square feet, with a maximum contiguous space of 1,500 square feet. This prime location in Miami offers high visibility and accessibility for businesses seeking a thriving retail environment. The property's versatile layout makes it suitable for a variety of retail uses, providing an excellent opportunity for businesses looking to establish or expand their presence in a dynamic market. The address is easily accessible and benefits from strong foot traffic and convenient parking. This is an ideal space for businesses seeking a well-located, adaptable retail space in a bustling Miami neighborhood. Serious inquiries are encouraged to explore this exciting opportunity. The property is classified as Retail, with a subtype of Shopping Center and Former Insurance Office.

• CAP approach

  CAP return

  Valuation

  6%

  $4,945,529

  6.5%

  $4,565,104

  7%

  $4,239,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,217,423

  Geo Method

  $4,217,423

• Alternative Use

  Use

  Valuation

  Residential

  $3,850,836

  Hospitality

  $3,527,345

  Educational

  $2,934,709

  Medical

  $3,035,638

  Retail

  $4,565,104

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7325

Longitude

-80.3394

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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