9703 Dixie HwyPinecrest, FL 33156

  • Office properties
  • 9,192 SF
For Sale
$2,995,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
9703 Dixie Hwy, Pinecrest, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,140
$2,213,145
$10,000
$2,223,145
-
$2,213,145
$10,000
$2,223,145

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