1730 7Th StMiami, FL 33125

  • Mixed-use properties
  • 4,779 SF
For Sale
$1,675,000 View listing

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
Mixed-use properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1730 7Th St, Miami, Florida

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

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
$13,046
$701,100
$185,994
$887,094
-
$701,100
$185,994
$887,094

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