7090 59Th PlSouth Miami, FL 33143

Property Details for 7090 59Th Pl

Year built

1964

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

3,200 SF

Zone code

6801:COMMERCIAL

Property type

Outlet malls

APN

09-4025-025-0010

APU

940250250010

Description

This exceptional single-tenant office building, located at 7090 SW 59th Place in South Miami, Florida, offers a substantial 33,000 square feet of space. The property, identified by APN 09-40-25-025-0010 and zoned 6801, is currently undergoing redevelopment by Alta Development. The building is situated on one parcel, representing a significant opportunity for a single tenant seeking a large, well-located office space. Its prime South Miami location, with the address 7090 SW 59th Pl, zip code 33143, and coordinates 25.7054405 latitude and -80.2906441 longitude, provides excellent accessibility and visibility. The property's single-tenant occupancy simplifies management and provides a cohesive work environment. This is a unique opportunity to secure a substantial office space in a desirable South Miami location, currently undergoing redevelopment to enhance its appeal and functionality. Further details regarding the redevelopment plans are available upon request. The property is ideal for a business seeking a significant and prominent presence in the South Miami market. This is a single-suite building, offering a cohesive and efficient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $3,257,063

  6.5%

  $3,006,520

  7%

  $2,791,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,537,470

  Geo Method

  $2,537,470

• Alternative Use

  Use

  Valuation

  Residential

  $2,536,112

  Hospitality

  $2,323,065

  Educational

  $1,932,763

  Medical

  $1,999,233

  Retail

  $3,006,520

Location Insight

City

South Miami

County

Miami-dade

State

Florida

Latitude

25.7055

Longitude

-80.2907

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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