3002 7Th AveMiami, FL 33127

Property Details for 3002 7Th Ave

Year built

1928

Construction

TYPE NOT SPECIFIED

Lot size

0.11 AC

Property size (Sq ft)

1,170 SF

Zone code

4801:RESID-LIMITED RETAIL

Property type

Retail residential properties

APN

01-3126-005-0010

APU

131260050010

Description

This exceptional 15,500 sq. ft. commercial land assemblage in Miami, Florida, presents a compelling investment opportunity. Located at 3002 NW 7th Ave, Miami, FL 33127, this four-folio property includes an existing 3,500 sq. ft. building, offering immediate potential for redevelopment or repurposing. The property's strategic location within both a Rapid Transit Zone and an Opportunity Zone provides significant advantages. The Rapid Transit Zone access ensures excellent connectivity and accessibility, while the Opportunity Zone designation unlocks valuable tax incentives, substantially enhancing the return on investment. This combination of location, size, and potential tax benefits makes this property a highly attractive proposition for developers seeking to capitalize on Miami's dynamic real estate market. The property is priced at $2,900,000 and offers substantial density potential, allowing for a wide range of development possibilities. This is a rare chance to acquire a significant land parcel in a rapidly growing area of Miami-Dade County. The existing building provides immediate income potential or a platform for a phased development approach. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $995,891

  6.5%

  $919,284

  7%

  $853,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $694,317

  Geo Method

  $694,317

• Alternative Use

  Use

  Valuation

  Residential

  $919,284

  Hospitality

  $842,059

  Educational

  $700,583

  Medical

  $724,677

  Retail

  $1,089,796

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.805

Longitude

-80.2076

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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