8700 93Rd StMedley, FL 33178

Property Details for 8700 93Rd St

Year built

1982

Construction

CONCRETE

Lot size

1.43 AC

Property size (Sq ft)

10,000 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Retail properties

Property subtype

Other automotive properties

APN

22-3004-003-0021

APU

2230040030021

Description

This exceptional 62,391 square foot industrial property in Medley, Florida, presents a unique investment opportunity. The site boasts a 10,000 square foot warehouse structure built in 1982, currently operating as a truck mechanic repair shop, included in the asking price of $10,000,000. The building is considered to be in above-average condition for the area. Its strategic location at the southwest corner of NW 87th Avenue and NW 93rd Street provides exceptional visibility and accessibility. The property enjoys significant street frontage, measuring 312 feet along NW 87th Avenue and 200 feet along NW 93rd Street. Its M1 zoning classification allows for a wide range of potential uses. Furthermore, its proximity to major roadways such as Okeechobee Road, the Turnpike, and the Palmetto Expressway (SR 826) ensures convenient access to transportation networks. This prime location in Miami-Dade County, with its zip code 33178, offers significant potential for growth and return on investment. All offers are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $4,167,814

  6.5%

  $3,847,214

  7%

  $3,572,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,554,208

  Geo Method

  $3,554,208

• Alternative Use

  Use

  Valuation

  Residential

  $3,245,268

  Hospitality

  $2,972,648

  Educational

  $2,473,209

  Medical

  $2,558,266

  Retail

  $3,847,214

Location Insight

City

Medley

County

Miami-dade

State

Florida

Latitude

25.8575

Longitude

-80.3391

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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