1900 Bayshore DrMiami, FL 33132

Property Details for 1900 Bayshore Dr

Year built

2007

Lot size

0.04 AC

Property size (Sq ft)

1,858 SF

Zone code

5000:HOTELS&MOTELS-GEN

Property type

Retail properties

Property subtype

Retail space

APN

01-3231-003-0511

APU

132310030511

Description

Exceptional investment opportunity in Miami's Edgewater neighborhood. This offering encompasses three fully occupied commercial units within the prestigious Quantum on the Bay building at 1900 N Bayshore Dr #207, Miami, FL 33132. The property, built in 2007, includes a 1,250 sq ft hair salon with a long-term lease, a 1,598 sq ft dental practice with three years remaining on its lease, and a 4,057 sq ft landlord-operated executive office suite. The executive suite also includes 19 parking spaces and 54 storage units, presenting significant potential for revenue growth. The entire property boasts a 100% occupancy rate and offers complimentary valet parking. This diverse portfolio of commercial spaces presents a compelling investment opportunity with strong cash flow and significant upside potential. The asking price for this exceptional property is $6,850,000. This is a rare chance to acquire a well-established, high-performing commercial property in a desirable Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,358,124

  6.5%

  $2,176,730

  7%

  $2,021,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,792,612

  Geo Method

  $1,792,612

• Alternative Use

  Use

  Valuation

  Residential

  $1,836,153

  Hospitality

  $1,681,907

  Educational

  $1,399,326

  Medical

  $1,447,452

  Retail

  $2,176,730

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7946

Longitude

-80.1869

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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