9703 Dixie HwyPinecrest, FL 33156
- Office properties
- 9,192 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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