9465 56Th StMiami, FL 33165

Property Details for 9465 56Th St

Year built

1967

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

5,140 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Retail properties

Property subtype

Outlet malls

APN

30-4021-018-1680

APU

3040210181680

Description

This exceptional mixed-use property, located at 9465 SW 56th St in Miami, Florida, presents a compelling investment opportunity. Built in 1967, this single-story building boasts a prime location within the urban development boundary on Miller Road, ensuring high visibility and significant foot traffic. The property is zoned BU-1A Business District, offering flexibility for a variety of commercial and retail uses. The building features a spacious office/store area in the front, ideal for retail or professional services. At the rear, a substantial two-story high warehouse with a loading dock provides ample storage and logistical capabilities. The warehouse also offers the potential to add a mezzanine level, further expanding usable space. Ample on-site parking is available, a significant advantage in this high-traffic area. The asking price for this exceptional property is $3,350,000. Its strategic location near major highways and high visibility make this a rare opportunity to acquire a well-positioned, versatile commercial property in a thriving Miami market. The business currently operating within the building is not included in the sale; the sale encompasses the real estate only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,142,257

  6.5%

  $1,977,468

  7%

  $1,836,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,826,863

  Geo Method

  $1,826,863

• Alternative Use

  Use

  Valuation

  Residential

  $1,668,068

  Hospitality

  $1,527,941

  Educational

  $1,271,229

  Medical

  $1,314,949

  Retail

  $1,977,468

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7166

Longitude

-80.3476

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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