1200 Brickell AveMiami, FL 33131

Property Details for 1200 Brickell Ave

Year built

2008

Property size (Sq ft)

512 SF

Zone code

6407:HIGH DENS MIX USE

Property type

Office buildings

APN

01-4138-142-3400

APU

141381423400

Description

This exceptional 2,248-square-foot office space is ideally situated on a highly visible corner of Brickell Avenue in Miami, Florida, at 1200 Brickell Ave #510. The property, a single-tenant space within a Class B building (APN: 01-41-38-142-0940), boasts a traditional yet creative office layout, perfect for a variety of businesses. Built in 1985 and renovated in 2020, the space features a 9-foot ceiling height and includes three private offices, a dedicated conference room, a break room, and a spacious open work area. The building offers convenient elevator access. This corner unit provides stunning views of Brickell Avenue. The property is zoned 6407 and is conveniently located near Brickell City Centre and Mary Brickell Village, offering easy access to numerous amenities, including high-end hotels and restaurants. Noteworthy is the award-winning "Dirty French" restaurant located on the ground floor of the building. The current tenant will vacate by the end of April 2024, presenting a timely opportunity for a new occupant to establish their presence in this vibrant and prestigious Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $442,052

  6.5%

  $408,048

  7%

  $378,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,024

  Geo Method

  $196,024

• Alternative Use

  Use

  Valuation

  Residential

  $505,980

  Hospitality

  $463,475

  Educational

  $385,606

  Medical

  $398,867

  Retail

  $599,831

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7621

Longitude

-80.1923

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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