9703 Dixie HwyPinecrest, FL 33156

Property Details for 9703 Dixie Hwy

Year built

1959

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

9,192 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office buildings

APN

20-5002-039-0080

APU

2050020390080

Description

This exceptional 9,192 square foot office building, located at 9703 S Dixie Highway in Pinecrest, Florida, presents a rare investment opportunity. Priced at $2,995,000 ($325.83/sq ft), the property boasts a well-maintained structure and ample free parking. Situated on a 14,465 square foot lot, it's zoned BU-1, reflecting restricted commercial development within the Village of Pinecrest. The building's strategic location offers high visibility and exposure, making it ideal for a variety of businesses. Its prime position provides immediate access to major transportation arteries, including South Dixie Highway and SR-826, ensuring convenient commutes for employees and clients. Furthermore, its proximity to Metrorail, shopping centers, and restaurants adds significant value and convenience. This property represents a unique chance to acquire a high-quality office space in a desirable and thriving South Florida community. The building's excellent condition and advantageous location combine to create a compelling investment prospect. The zoning restrictions contribute to the exclusivity and desirability of the area, ensuring a stable and prestigious business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,380,248

  6.5%

  $5,889,460

  7%

  $5,468,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,898,776

  Geo Method

  $2,898,776

• Alternative Use

  Use

  Valuation

  Residential

  $7,302,930

  Hospitality

  $6,689,445

  Educational

  $5,565,540

  Medical

  $5,756,947

  Retail

  $8,657,506

Location Insight

City

Pinecrest

County

Miami-dade

State

Florida

Latitude

25.6803

Longitude

-80.3153

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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