13255 Dixie HwyNorth Miami, FL 33161
- Office properties
- 850 SF
Property Details for 13255 Dixie Hwy
- Year built
- 1954
- Construction
- CONCRETE
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 850 SF
- Zone code
- 6600:COMMERCIAL,LIBERAL
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 06-2229-049-0760
- APU
- 622290490760
Description
This exceptional commercial property, located at 13255 W Dixie Hwy in North Miami, Florida, presents a compelling investment opportunity. The 0.44-acre lot (19,005 sq ft) features a 850 sq ft free-standing office building, currently vacant and ready for immediate occupancy. Situated on a highly visible, signalized corner at the intersection of W Dixie Hwy and NE 9th Ave, the property benefits from an average daily traffic count of 20,500 vehicles. The C-1 Commercial zoning allows for a wide range of uses, making it ideal for owner-users seeking a strategic location or developers looking for significant redevelopment potential. With permitted residential density of up to 100 units per acre and up to 9 stories, this site offers substantial upside. The area is experiencing rapid growth, with several large-scale residential projects underway, further enhancing the property's long-term value. The asking price is $2,000,000. This property offers a unique blend of immediate usability and significant future development possibilities in a thriving Miami-Dade County location. The zip code is 33161.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $551,465
- 6.5%
- $509,045
- 7%
- $472,685
-
Comparable approach
- Method
- Valuation
- Relative Method
- $325,431
- Geo Method
- $325,431
-
Alternative Use
- Use
- Valuation
- Residential
- $631,216
- Hospitality
- $578,190
- Educational
- $481,047
- Medical
- $497,591
- Retail
- $748,296
Location Insight
- City
- North Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.8974
- Longitude
- -80.1804
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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