19505 Biscayne BlvdAventura, FL 33180

Property Details for 19505 Biscayne Blvd

Year built

1983

Construction

CONCRETE

Lot size

12.30 AC

Property size (Sq ft)

189,556 SF

Zone code

6000:COMMERCIAL,GENERAL

Property type

Retail properties

Property subtype

Parking lots & garages

APN

28-2203-038-0020

APU

2822030380020

Description

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.

• 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

Property Tax & Assessments

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