1901 7Th StMiami, FL 33125

  • Office buildings
  • 7,194 SF
For Sale
$6,000,000 View listing

Property Details for 1901 7Th St

Year built
1968
Construction
CONCRETE
Lot size
0.17 AC
Property size (Sq ft)
7,194 SF
Zone code
6100:COMMERCIAL,NEIGHBRHD
Property type
Office buildings
APN
01-3134-043-0600
APU
131340430600

Description

This exceptional Miami, Florida investment opportunity presents a unique assemblage of four parcels totaling half an acre, situated at 1901 NW 7th St, 33125, adjacent to Marlins Stadium. Currently improved with two, two-story office buildings, this property offers immediate rental income potential while providing significant long-term redevelopment upside. Built in 1968, the existing structures provide a solid foundation for a future project. The property's zoning allows for the construction of 98 to 156 residential units, making it an ideal canvas for a high-density development project. This prime location in Miami's vibrant urban core offers unparalleled access to amenities, transportation, and the city's thriving economy. The asking price for this remarkable assemblage is $6,000,000. This is a rare chance to acquire a significant property in a rapidly appreciating market, offering both immediate returns and substantial future growth potential. Don't miss this opportunity to capitalize on Miami's dynamic real estate landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,039,340
    6.5%
    $6,497,850
    7%
    $6,033,720
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,754,290
    Geo Method
    $2,754,290
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $12,088,700
    Retail / Commercial
    $6,336,850
    Mixed-Use / Specialty
    $6,422,870
    Hospitality / Lodging
    $4,853,670
    Institutional / Educational
    $6,716,020
    Residential Income
    $7,857,740
    Multifamily
    $8,821,990
    Automotive / Energy
    $5,756,590
    Parking / Income-Based Land
    $1,879,220
    Restaurant / Food Service
    $3,572,400
    Healthcare / Senior Housing
    $6,475,150

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.78
Longitude
-80.227
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,859
$742,300
$422,079
$1,164,379
-
$742,300
$422,079
$1,164,379

FAQs

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