625 79Th StMiami, FL 33138

Property Details for 625 79Th St

Year built

1978

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

2,000 SF

Zone code

6101

Property type

Retail properties

Property subtype

Other automotive properties

APN

01-3207-017-0300

APU

132070170300

Description

This exceptional 1-story warehouse at 625 NE 79th St, Miami, FL 33138, presents a compelling investment opportunity. Built in 1978, this single-building property offers 3,000,000 USD in asking price. Situated in Miami-Dade County, its convenient location provides easy access to major transportation routes. The property's industrial classification makes it suitable for a variety of uses, particularly given its existing history as a thriving mechanic business with a seventeen-year operational history. The building's solid construction and well-maintained condition promise a low-maintenance investment. This is an ideal acquisition for investors seeking a stable, established business with significant potential for growth or for entrepreneurs looking to establish their own operation in a prime Miami location. The property's single-story design offers efficient workflow and accessibility. The asking price reflects the property's value and potential, making it an attractive proposition in the competitive Miami commercial real estate market. Detailed financial information and operational data are available upon request. This is a rare opportunity to acquire a well-established business and prime real estate in a thriving Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,907,421

  6.5%

  $1,760,696

  7%

  $1,634,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,929,614

  Geo Method

  $1,929,614

• Alternative Use

  Use

  Valuation

  Residential

  $1,485,213

  Hospitality

  $1,360,448

  Educational

  $1,131,876

  Medical

  $1,170,803

  Retail

  $1,760,696

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8481

Longitude

-80.184

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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