9775 Dixie HwyPinecrest, FL 33156

Property Details for 9775 Dixie Hwy

Year built

1951

Construction

CONCRETE

Lot size

0.49 AC

Property size (Sq ft)

7,670 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Outlet malls

APN

20-5002-045-0020

APU

2050020450020

Description

This exceptional retail property, located at 9775 S Dixie Hwy in Pinecrest, Florida, presents a compelling investment opportunity. The building, constructed in 1951, boasts an excellent location directly on US-1, ensuring high visibility and significant foot traffic. Offered at $4,900,000, this property is ideal for a discerning investor seeking a well-situated retail space in a thriving Miami-Dade County community. The property's address is 9775 S Dixie Hwy, Pinecrest, FL 33156, placing it within a vibrant commercial corridor. The property type is classified as retail, offering significant potential for a variety of businesses. Its strategic location on US-1 provides unparalleled access and exposure to a large customer base. The building's age, while indicating a potential for renovation or modernization, also suggests a solid foundation and established presence within the community. This presents a unique chance to acquire a well-positioned retail asset in a desirable area of South Florida. Further due diligence is recommended to fully assess the property's potential and suitability for specific business ventures. The property's geographic coordinates are 25.680162 latitude and -80.316194 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $5,911,140

  6.5%

  $5,456,430

  7%

  $5,066,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,514,000

  Geo Method

  $2,514,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,444,900

  Mixed-Use / Specialty

  $5,516,070

  Hospitality / Lodging

  $4,149,930

  Office

  $5,565,670

  Institutional / Educational

  $5,762,750

  Residential Income

  $6,742,420

  Multifamily

  $7,648,060

  Automotive / Energy

  $4,939,500

  Parking / Income-Based Land

  $1,626,430

  Restaurant / Food Service

  $3,037,730

  Healthcare / Senior Housing

  $5,575,520

Location Insight

City

Pinecrest

County

Miami-dade

State

Florida

Latitude

25.6802

Longitude

-80.3162

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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