17100 Collins AveSunny Isles Beach, FL 33160

Property Details for 17100 Collins Ave

Year built

1990

Construction

CONCRETE

Lot size

3.59 AC

Property size (Sq ft)

90,731 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Retail properties

Property subtype

Outlet malls

APN

31-2211-004-0130

APU

3122110040130

Description

This exceptional retail property, located at 17100 Collins Ave in Sunny Isles Beach, Florida 33160, presents a unique investment opportunity. Built in 1972, this well-established business, operating as an after-school and private school program for five years, is fully equipped with all necessary furniture and equipment. The asking price is $800,000. The property's prime location in Miami-Dade County offers significant potential for growth and expansion. The current operation provides a solid foundation for scaling the business through the introduction of additional revenue streams or expansion of existing services. This turnkey operation is ideally suited for entrepreneurs seeking a profitable venture in a high-demand market. Its strategic South Florida location offers easy access to a large and affluent clientele. Furthermore, this business presents a viable option for individuals seeking an E2, L1, or EB5 investment visa. The property's existing infrastructure and established clientele base minimize start-up costs and risks, making it an attractive investment for both experienced and aspiring business owners. This is a rare opportunity to acquire a thriving business with significant upside potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $70,916,264

  6.5%

  $65,461,164

  7%

  $60,785,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,537,920

  Geo Method

  $87,537,920

• Alternative Use

  Use

  Valuation

  Residential

  $55,218,940

  Hospitality

  $50,580,252

  Educational

  $42,082,176

  Medical

  $43,529,448

  Retail

  $65,461,164

Location Insight

City

Sunny Isles Beach

County

Miami-dade

State

Florida

Latitude

25.9344

Longitude

-80.123

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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