4640 7Th StMiami, FL 33126

Property Details for 4640 7Th St

Year built

1947

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

3,005 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office buildings

APN

01-4105-003-0020

APU

141050030020

Description

This exceptional mixed-use property, located at 4640 NW 7th Street in Miami, Florida, 33126, presents a compelling investment opportunity. Built in 1947, this free-standing, two-story building offers 14 parking spaces and boasts a renovated, turnkey condition, including a new roof. Currently configured as a two-unit residential/office space, the property is zoned T6-8-O, allowing for a wide array of uses, including retail, medical, and childcare facilities. The lower unit is currently owner-occupied, with a lease potentially negotiable. The upper unit generates a monthly rental income of $2,295. The property enjoys high visibility and traffic on NW 7th Street, with convenient proximity to Gables, Blue Lagoon, Doral, the 836 Airport, and Downtown Miami. Adding to its versatility, the sale includes two 20-foot containers providing 2,344 cubic feet of on-site storage. The asking price is $1,575,000, and owner financing is available. This asset offers significant potential for redevelopment and capital appreciation. Its prime location and flexible zoning make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving Miami market.

• CAP approach

  CAP return

  Valuation

  6%

  $851,992

  6.5%

  $786,454

  7%

  $730,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,825

  Geo Method

  $423,825

• Alternative Use

  Use

  Valuation

  Residential

  $975,203

  Hospitality

  $893,281

  Educational

  $743,199

  Medical

  $768,759

  Retail

  $1,156,088

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7785

Longitude

-80.2715

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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