3020 7Th AveMiami, FL 33127

Property Details for 3020 7Th Ave

Year built

1940

Construction

CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

1,044 SF

Zone code

4801:RESID-LIMITED RETAIL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-3126-005-0040

APU

131260050040

Description

This exceptional mixed-use property, located at 3020 NW 7th Ave in Miami, Florida, presents a unique investment opportunity. The 1,418 square foot building sits on a 6,768 square foot lot and boasts two retail bays with on-site parking, and a residential unit. Built in 1940, this fully occupied (100%) property benefits from a T4-O zoning designation, allowing for a wide range of uses including retail, office, workshop, bakery/cafe, restaurant, boutique gym, beauty parlor, entertainment, apparel/sneaker shop, pet care, and residential. The property enjoys excellent visibility on a major thoroughfare with over 26,000 cars passing daily, placing it at the nexus of Allapattah and Wynwood. Its strategic location offers easy access to I-95, I-195, and State Road 112, and proximity to Wynwood, Midtown, Edgewater, the Design District, Downtown Miami, and Miami International Airport. The building's maximum height is three stories (40 feet). Seller financing is available. This is an ideal opportunity for both end-users and investors seeking a high-traffic, flexible-use property in a rapidly developing area. The property consists of two buildings.

• CAP approach

  CAP return

  Valuation

  6%

  $839,888

  6.5%

  $775,281

  7%

  $719,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,544

  Geo Method

  $619,544

• Alternative Use

  Use

  Valuation

  Residential

  $775,281

  Hospitality

  $710,154

  Educational

  $590,839

  Medical

  $611,159

  Retail

  $919,084

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8054

Longitude

-80.2076

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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