633 79Th StMiami, FL 33138

Property Details for 633 79Th St

Year built

1965

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

2,400 SF

Zone code

6101

Property type

Retail properties

Property subtype

Outlet malls

APN

01-3207-017-0310

APU

132070170310

Description

This exceptional 0 sq. ft. lot at 633 NE 79th St in Miami offers unparalleled visibility and accessibility. Situated in a high-traffic area with over 40,000 cars passing daily, this property is perfect for a pop-up food truck hub or similar venture. Its location on the bustling 79th Street corridor, in the heart of Miami's Upper East Side, ensures high foot traffic and significant brand exposure. The lot benefits from its proximity to Biscayne Boulevard, enhancing its appeal and accessibility. Its strategic position provides easy connectivity, with eastward access to the ocean and westward access to Highway 95, ensuring convenient access for both customers and suppliers. The property is zoned 6101 and has an APN of 01-32-07-017-0310. The site includes 20 parking spaces, making it convenient for customers and staff. This single-tenant property presents a unique opportunity to capitalize on Miami's vibrant culinary scene and high-traffic location. The property is classified as Industrial, Special Purpose, and is a warehouse subtype. This is a truly exceptional opportunity for a dynamic business seeking high visibility and convenient access in a prime Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,288,906

  6.5%

  $2,112,836

  7%

  $1,961,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,315,537

  Geo Method

  $2,315,537

• Alternative Use

  Use

  Valuation

  Residential

  $1,782,256

  Hospitality

  $1,632,537

  Educational

  $1,358,252

  Medical

  $1,404,964

  Retail

  $2,112,836

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8481

Longitude

-80.1838

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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