3420 7Th StMiami, FL 33125

Property Details for 3420 7Th St

Year built

1954

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

6,461 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Outlet malls

APN

01-4104-023-4050

APU

141040234050

Description

This exceptional 10,000-square-foot freestanding retail building presents a remarkable opportunity in Miami-Dade County. Located on a prominent corner lot at 3420 NW 7th Street, this property offers unparalleled visibility and accessibility. The building features 5,000 square feet of warehouse space and 5,000 square feet of divisible retail space, perfect for a single large tenant or multiple smaller businesses. The versatile layout is suitable for a wide range of uses, including schools, gyms, medical supply companies, printing companies, cigar companies, art galleries, and more. The building boasts 11 private parking spaces, a twin tee concrete roof with 16-foot clear height, and 3-phase power. The air-conditioned retail and office area encompasses approximately 5,000 square feet of finished space. The property sits on a 16,988-square-foot lot, zoned C-1. Previously used as a cigar showroom and online distribution center, the building is well-maintained and ready for immediate occupancy, with availability starting November 1, 2024. This is an ideal location for businesses seeking high visibility and ample space in a thriving Miami-Dade County market. The APN is 01-41-04-023-4050.

• CAP approach

  CAP return

  Valuation

  6%

  $7,038,766

  6.5%

  $6,497,322

  7%

  $6,033,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,443,474

  Geo Method

  $5,443,474

• Alternative Use

  Use

  Valuation

  Residential

  $5,480,734

  Hospitality

  $5,020,324

  Educational

  $4,176,850

  Medical

  $4,320,498

  Retail

  $6,497,322

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7788

Longitude

-80.2513

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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