516 57Th AveMiami, FL 33126

Property Details for 516 57Th Ave

Year built

1974

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

5,788 SF

Zone code

6101

Property type

Office properties

Property subtype

Office buildings

APN

01-4001-003-3021

APU

140010033021

Description

This exceptional 5,788 square foot office space is available for lease. Located on the second floor of a recently remodeled building, this single-tenant property offers a convenient and efficient workspace. The property is situated in a high-traffic area near the intersection of Flagler and 57th Avenue, ensuring excellent visibility and accessibility for your business. The space is zoned 6107, and the Assessor's Parcel Number (APN) is 01-40-01-003-3021. This is a fantastic opportunity for a business seeking a well-maintained, readily available office space in a desirable location. The lease includes electricity, significantly reducing your operating costs. The building itself has undergone recent renovations, ensuring a modern and updated environment for your team. The single-tenant occupancy provides privacy and control over your workspace. This property is ideal for a company seeking a move-in ready solution with minimal upfront investment. The strategic location near major thoroughfares offers easy access for employees and clients alike. Don't miss this chance to secure this exceptional office space in a thriving commercial area. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,641,042

  6.5%

  $1,514,808

  7%

  $1,406,607

• Comparable approach

  Method

  Valuation

  Relative Method

  $816,340

  Geo Method

  $816,340

• Alternative Use

  Use

  Valuation

  Residential

  $1,878,361

  Hospitality

  $1,720,569

  Educational

  $1,431,493

  Medical

  $1,480,724

  Retail

  $2,226,767

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7767

Longitude

-80.2886

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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