10905 Biscayne BlvdMiami, FL 33161

Property Details for 10905 Biscayne Blvd

Year built

1948

Construction

CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

3,667 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Outlet malls

APN

30-2232-006-0140

APU

3022320060140

Description

This exceptional retail property, located at 10905 Biscayne Blvd, offers a single-tenant occupancy opportunity within a 3,627 square foot building. The property is zoned 6200 and features one building with a single suite (APN: 30-22-32-006-0140). Currently, a portion of the space, Unit #4, encompassing 1,027 square feet, is available for lease or sale. This unit is fully equipped for a spa, presenting a turnkey solution for a prospective business owner. The property's convenient location provides ample street parking for customers and employees. Importantly, the zoning allows for a cannabis dispensary, opening up a unique market opportunity for the right buyer. This presents a rare chance to acquire a well-situated retail space with existing infrastructure and significant potential in a vibrant area. The property's single-tenant setup offers simplicity in management and potential for strong rental income or owner-occupancy. The combination of existing spa equipment, ample parking, and permissible cannabis dispensary use makes this a highly attractive investment prospect. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $3,497,257

  6.5%

  $3,228,237

  7%

  $2,997,649

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,537,948

  Geo Method

  $3,537,948

• Alternative Use

  Use

  Valuation

  Residential

  $2,723,139

  Hospitality

  $2,494,380

  Educational

  $2,075,295

  Medical

  $2,146,668

  Retail

  $3,228,237

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8761

Longitude

-80.1687

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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