1137 71St StMiami Beach, FL 33141

Property Details for 1137 71St St

Year built

1959

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

2,086 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office properties

Property subtype

Office buildings

APN

02-3210-013-1380

APU

232100131380

Description

This exceptional 1,987 square foot retail space is ideally situated in Miami Beach's vibrant Normandy Fountain area. The single-tenant property boasts a convenient storefront with excellent visibility, enhanced by a unique frontage. Two parking spaces are located at the rear of the building, offering added convenience for both customers and employees. The building is a single-story structure, with a total of one suite. The property features a charming center courtyard, currently undeveloped, which presents a unique opportunity to create an inviting outdoor space, perhaps a garden oasis. The zoning designation is 6400. The APN is 02-32-10-013-1380. Previously used as a pet grooming business, this versatile space is easily adaptable to a variety of uses, including but not limited to offices or medical facilities. The property's competitive pricing makes it an attractive option for entrepreneurs seeking to establish or expand their business in this desirable Miami Beach location. This is a rare opportunity to secure a well-positioned commercial property in a thriving neighborhood. The address is 1137 71st St, Miami Beach, FL 33141.

• CAP approach

  CAP return

  Valuation

  6%

  $1,353,361

  6.5%

  $1,249,256

  7%

  $1,160,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $798,646

  Geo Method

  $798,646

• Alternative Use

  Use

  Valuation

  Residential

  $1,549,078

  Hospitality

  $1,418,947

  Educational

  $1,180,547

  Medical

  $1,221,148

  Retail

  $1,836,406

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.855

Longitude

-80.1304

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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