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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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