3676 47Th StMiami, FL 33142

Property Details for 3676 47Th St

Year built

1952

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

1,344 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Automotive properties

APN

30-3121-012-0220

APU

3031210120220

Description

This exceptional 17,011 square foot commercial lot, situated at 3676 NW 47th St in Miami, Florida (zip code 33142), presents a remarkable investment opportunity. Located on a prime corner at the intersection of NW 37th Ave and NW 47th St, this property is zoned IU-1 for Industrial Districts, Light Manufacturing, aligning perfectly with its existing land use classification as 320 - Industrial Intensive, Heavy-Light Manufacturing, and Warehousing-Storage. The lot is situated within Miami-Dade County's urban development boundary, offering significant potential for immediate use or new construction. The asking price is $1,795,000, reflecting the value of this ready-to-develop land parcel. Its ideal location and zoning make it suitable for a variety of industrial and warehousing projects. Buyers will find this property to be a highly attractive investment due to its size, location, and zoning flexibility. The property is ready for immediate use or development, presenting a unique opportunity for investors seeking a prime location in Miami's thriving industrial market. This is a rare opportunity to acquire a substantial lot in a desirable area, offering significant potential for future growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $429,514

  6.5%

  $396,474

  7%

  $368,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $197,140

  Geo Method

  $197,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $765,953

  Mixed-Use / Specialty

  $397,974

  Hospitality / Lodging

  $295,774

  Office

  $398,645

  Institutional / Educational

  $414,774

  Residential Income

  $485,286

  Multifamily

  $565,873

  Automotive / Energy

  $355,521

  Parking / Income-Based Land

  $119,807

  Restaurant / Food Service

  $213,208

  Healthcare / Senior Housing

  $405,127

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8165

Longitude

-80.2564

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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