20 41St StMiami, FL 33137

Property Details for 20 41St St

Year built

1950

Construction

CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

3,411 SF

Zone code

6101

Property type

Retail properties

Property subtype

Outlet malls

APN

01-3124-024-1440

APU

131240241440

Description

This exceptional 17,154 square foot retail property, located in Miami's prestigious Design District at 20 NE 41st St (NE 41st ST & N Miami Ave), is a new development slated for completion in Summer 2025. The building boasts four stories, two elevators, and ample space for multiple tenants. The property is zoned T5-O and offers a minimum divisible space of 8,886 square feet, with the option to lease the entire 17,154 square feet contiguously. Situated on a 0.12-acre lot (5,250 square feet), this location provides unparalleled visibility and accessibility. Ideal for fashion, restaurants, home decor, or health-related businesses, this space presents a unique opportunity to establish a flagship presence in a high-end retail environment. The property's prime location is adjacent to the Museum Garage, ensuring high foot traffic and brand exposure. The building's design incorporates captivating aesthetics and expansive outdoor areas, including a rare rooftop oasis, perfect for creating a memorable customer experience. This is a remarkable opportunity to secure a prominent space in one of Miami's most sought-after neighborhoods. The property's APN is 01-3124-024-1440 and the zip code is 33137.

• CAP approach

  CAP return

  Valuation

  6%

  $3,253,107

  6.5%

  $3,002,868

  7%

  $2,788,377

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,290,957

  Geo Method

  $3,290,957

• Alternative Use

  Use

  Valuation

  Residential

  $2,533,032

  Hospitality

  $2,320,243

  Educational

  $1,930,415

  Medical

  $1,996,805

  Retail

  $3,002,868

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8139

Longitude

-80.195

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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