7300 42Nd StMiami, FL 33155

Property Details for 7300 42Nd St

Year built

1964

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

2,786 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Automotive properties

APN

30-4023-012-0480

APU

3040230120480

Description

This exceptional turnkey business opportunity presents a well-established auto repair shop in Miami's desirable Bird Road Business District. Located at 7300 SW 42nd St, Miami, FL 33155, this retail property, built in 1964, is offered at an asking price of $250,000. The sale includes all essential equipment for immediate operation: car lifts, machinery, tools, and existing inventory are all part of the transaction. A significant advantage is the inclusion of several established service contracts with neighboring businesses, ensuring a consistent revenue stream from day one. This translates to a ready-made client base and immediate profitability for the new owner. The current business name, "Auto Miami Inc.", is also available for transfer, providing a seamless transition and established brand recognition. This presents a rare chance to acquire a profitable, established business with minimal start-up costs and immediate income generation. The property's location within the thriving Bird Road Business District offers excellent visibility and accessibility, further enhancing its investment potential. This is an ideal opportunity for an experienced mechanic or entrepreneur seeking a profitable and established business in a prime Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,161,153

  6.5%

  $1,071,834

  7%

  $995,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $990,202

  Geo Method

  $990,202

• Alternative Use

  Use

  Valuation

  Residential

  $904,132

  Hospitality

  $828,180

  Educational

  $689,036

  Medical

  $712,733

  Retail

  $1,071,834

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7314

Longitude

-80.3133

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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