7300 42Nd StMiami, FL 33155

  • Retail properties
  • 2,786 SF
For Sale
$250,000 View listing

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
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
7300 42Nd St, Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,668
$1,075,880
$328,130
$1,404,010
-
$1,075,880
$328,130
$1,404,010

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