7300 42Nd StMiami, FL 33155
- Retail properties
- 2,786 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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