3645 79Th StMiami, FL 33147

Property Details for 3645 79Th St

Year built

1955

Construction

CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

1,922 SF

Zone code

7064

Property type

Retail properties

Property subtype

Gas stations

APN

30-3109-018-0520

APU

3031090180520

Description

This exceptional 10,729 sq ft warehouse, located at 3645 NW 79th St, Miami, FL 33147, presents a compelling redevelopment opportunity. Situated on a corner lot in Miami-Dade County, this property boasts approximately 125 feet of frontage on NW 79th Street and approximately 86 feet of depth, with an additional approximately 129 feet of frontage at the rear. Built in 1955, the warehouse offers a unique chance to capitalize on its prime location. The property is currently vacant and requires an appointment for viewing. Zoned for industrial use, the site allows for a building height of up to 12 stories, unlocking significant potential for future development. Buyers are responsible for verifying all measurements prior to closing. The asking price is $1,800,000, and attractive seller financing is available with a 50% down payment; interest rates and terms are negotiable. This is a rare opportunity to acquire a substantial property in a highly desirable Miami location. Don't miss this chance to secure a prime piece of Miami real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $801,054

  6.5%

  $739,434

  7%

  $686,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $683,119

  Geo Method

  $683,119

• Alternative Use

  Use

  Valuation

  Residential

  $623,741

  Hospitality

  $571,343

  Educational

  $475,351

  Medical

  $491,699

  Retail

  $739,434

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8458

Longitude

-80.257

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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