7426 Collins AveMiami Beach, FL 33141

Property Details for 7426 Collins Ave

Year built

1952

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

10,458 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

02-3202-003-0160

APU

232020030160

Description

This exceptional Class A retail property, located at 7426-7436 Collins Avenue in Miami Beach's North Beach submarket, offers a unique opportunity for restaurant operators. The single-story building, totaling 10,500 square feet, comprises four suites, with one space currently available for lease. This space offers flexible options, ranging from a minimum of 1,370 square feet to a maximum contiguous area of 5,407 square feet, catering to various business needs. The property's prime location on Collins Avenue and 74th Street ensures high visibility and accessibility, benefiting from significant foot traffic and convenient access for customers. The building is situated in the vibrant North Beach area of Miami Beach, known for its bustling atmosphere and diverse clientele. While there are no elevators, the single-story design ensures easy navigation and accessibility for all. This is an ideal opportunity to establish or expand a restaurant business in a highly desirable and sought-after location within the Miami Beach market. The property's address is 7426 Collins Ave, Miami Beach, FL 33141.

• CAP approach

  CAP return

  Valuation

  6%

  $9,973,905

  6.5%

  $9,206,682

  7%

  $8,549,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,089,954

  Geo Method

  $10,089,954

• Alternative Use

  Use

  Valuation

  Residential

  $7,766,180

  Hospitality

  $7,113,780

  Educational

  $5,918,581

  Medical

  $6,122,130

  Retail

  $9,206,682

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.8602

Longitude

-80.1213

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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