21475 Dixie HwyMiami, FL 33189

Property Details for 21475 Dixie Hwy

Year built

2001

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

3,330 SF

Zone code

6800:COMM,PROFESS OFFICES

Property type

Office properties

Property subtype

Office buildings

APN

28-1234-004-0010

APU

2812340040010

Description

This exceptional 32,185 - 53,185 sq ft land parcel, located at 21475 S Dixie Hwy in Miami, Florida (zip code 33189), presents a prime development opportunity. Zoned 6061 UC CENTER - MIXED USE CORRIDOR (MC) 4 MAX HT, this property is ideally suited for a multifamily project, with permits contingent upon full architectural plan submission. The site boasts an estimated capacity for approximately 144 units. All utilities are conveniently in place, simplifying the development process. The property is economically feasible at fair market value, making it an attractive investment. This location in Cutler Bay, Miami-Dade County, offers a clean environment and benefits from the Live Local Act, positioning it for significant growth. The APN numbers are 30-6007-002-0100, 30-6007-002-0090, 30-6007-002-0080, 30-6007-002-0070, and 30-6007-002-0060. The asking price for this remarkable development opportunity is $5,600,000. Don't miss this chance to capitalize on Cutler Bay's burgeoning growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,770,586

  6.5%

  $1,634,387

  7%

  $1,517,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,274,924

  Geo Method

  $1,274,924

• Alternative Use

  Use

  Valuation

  Residential

  $2,026,640

  Hospitality

  $1,856,391

  Educational

  $1,544,496

  Medical

  $1,597,613

  Retail

  $2,402,549

Location Insight

City

Aventura

County

Miami-dade

State

Florida

Latitude

25.9743

Longitude

-80.1473

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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