3500 7Th StMiami, FL 33125

Property Details for 3500 7Th St

Year built

1955

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

4,276 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office properties

Property subtype

Office buildings

APN

01-4104-023-1500

APU

141040231500

Description

This exceptional Miami retail property, located at 3500 NW 7th St, offers 4,276 square feet of air-conditioned space, ideal for a variety of uses. The single-tenant building, constructed in 1955, sits on a 13,880 square foot lot and boasts a modern design with versatile spaces. Currently configured with four large private rooms and a reception area, the layout is adaptable to suit diverse business needs. The property includes 45 private parking spaces, providing a generous 10:1 parking ratio, a significant advantage for businesses requiring ample client or employee parking. This feature makes it particularly well-suited for uses such as assembly, funeral services, gyms, childcare facilities, schools, or medical practices, pending any necessary zoning changes. The property's zoning is classified as 6100. The Miami-Dade County property is identified by APN 01-41-04-023-1500. This prime location in Miami, Florida (zip code 33125) presents a unique opportunity for businesses seeking a well-appointed and functional space. The property's size and parking capacity offer significant advantages in a competitive market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,145,167

  6.5%

  $2,903,231

  7%

  $2,695,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,420,031

  Geo Method

  $1,420,031

• Alternative Use

  Use

  Valuation

  Residential

  $3,600,006

  Hospitality

  $3,297,587

  Educational

  $2,743,554

  Medical

  $2,837,908

  Retail

  $4,267,750

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7788

Longitude

-80.253

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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