1730 7Th StMiami, FL 33125

Property Details for 1730 7Th St

Year built

1946

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

4,779 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail residential properties

APN

01-4103-006-0040

APU

141030060040

Description

This exceptional mixed-use property, situated at 1730 NW 7th St in Miami's vibrant Little Havana, presents a compelling investment opportunity. The 4,779 square foot building, constructed in 1947, boasts six units and sits on a 7,011 square foot lot. Its two stories offer a versatile layout suitable for a variety of uses, including retail, office, or service-oriented businesses, capitalizing on the area's high foot traffic and cultural vibrancy. The multifamily component provides additional income potential through rental units. The property's prime location offers excellent visibility and accessibility, with close proximity to major roadways, diverse dining options, and entertainment venues. Financial projections indicate a pro-forma NOI of $132,000 and a 7.88% pro-forma cap rate, based on an asking price of $1,675,000 ($350.49 per square foot). This presents a rare chance to acquire a thriving mixed-use asset in one of Miami's most dynamic and rapidly growing neighborhoods. The property's strong cash flow and strategic location make it an ideal investment for those seeking both immediate returns and long-term appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $5,116,375

  6.5%

  $4,722,808

  7%

  $4,385,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,836,016

  Geo Method

  $2,836,016

• Alternative Use

  Use

  Valuation

  Residential

  $4,722,808

  Hospitality

  $4,326,066

  Educational

  $3,599,236

  Medical

  $3,723,020

  Retail

  $5,598,812

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7796

Longitude

-80.2238

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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