10501 40Th StMiami, FL 33165

Property Details for 10501 40Th St

Year built

1982

Construction

CONCRETE

Lot size

0.65 AC

Property size (Sq ft)

9,772 SF

Zone code

6062

Property type

Retail properties

Property subtype

Outlet malls

APN

30-4017-000-0170

APU

3040170000170

Description

This exceptional Miami property at 10501 SW 40th St, Miami, FL 33165, presents a unique investment opportunity encompassing both retail and office spaces. Built in 1982, this versatile property is ideally suited for a variety of uses, currently configured as a highly successful insurance agency. The asking price is $200,000. The building's dual functionality as QSR/Fast Food and Executive Office space offers significant flexibility for future tenants or owners. The existing business boasts a strong track record, generating $313,000 in commissions last year through the sale of auto, home, and boat insurance policies. Detailed financial records, including tax returns, are available upon request, providing potential buyers with comprehensive due diligence information. Located in Miami-Dade County, this property benefits from excellent visibility and accessibility within a thriving commercial district. The property's location offers significant potential for growth and profitability, making it an attractive investment for both seasoned entrepreneurs and first-time business owners. This is a rare chance to acquire a well-established business with substantial earning potential in a prime Miami location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $4,072,788

  6.5%

  $3,759,497

  7%

  $3,490,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,473,172

  Geo Method

  $3,473,172

• Alternative Use

  Use

  Valuation

  Residential

  $3,171,276

  Hospitality

  $2,904,872

  Educational

  $2,416,820

  Medical

  $2,499,938

  Retail

  $3,759,497

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.733

Longitude

-80.3659

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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