The Esplanade in Aventura, Florida, presents a unique opportunity for a single-tenant retail or restaurant establishment. This expansive 215,000 square foot mixed-use property boasts an exceptional location at 19505 Biscayne Blvd, Miami, FL 33180, offering unparalleled visibility from the William Lehman Causeway and the surrounding ring road. The open-air design creates a luxurious shopping and dining experience, enhanced by three designated valet locations ensuring a superior customer arrival. Ample surface-level and subterranean parking provides convenient access to the outdoor lifestyle center, further complemented by bridge connectivity and abundant vertical transportation options. This single-tenant space is situated in Miami-Dade County and is ideal for a large-scale retail or restaurant concept seeking high visibility and convenient access for its patrons. The property's size and amenities make it suitable for a variety of uses, from flagship stores to expansive restaurant concepts. The Esplanade offers a truly unique opportunity to establish a prominent presence in a thriving Aventura location. The entire 215,000 square feet is currently vacant, presenting a blank canvas for a visionary tenant.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$148,158,880
6.5%
$136,762,032
7%
$126,993,320
Comparable approach
Method
Valuation
Relative Method
$182,884,992
Geo Method
$182,884,992
Alternative Use
Use
Valuation
Residential
$115,363,896
Hospitality
$105,672,712
Educational
$87,918,456
Medical
$90,942,104
Retail
$136,762,032
Location Insight
City
Aventura
County
Miami-dade
State
Florida
Latitude
25.9554
Longitude
-80.1433
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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