20772 Dixie HwyMiami, FL 33180

Property Details for 20772 Dixie Hwy

Year built

2001

Property size (Sq ft)

967 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office properties

Property subtype

Office buildings

APN

30-1234-076-0120

APU

3012340760120

Description

This exceptional mixed-use property, located at 20772 W Dixie Hwy in Miami, Florida, presents a unique investment opportunity. Built in 2001, this 1,000 square foot building is ideally situated in the thriving Aventura/North Miami Beach area, offering unparalleled convenience and visibility. Zoned for medical use, the property is fully equipped and ready for immediate occupancy, including a state-of-the-art, brand-new digital X-ray unit. Its turnkey nature minimizes upfront investment and allows for a swift transition into operations. The building boasts ample parking, a significant advantage in this high-demand area. Recent upgrades include a completely replaced roof, contributing to long-term cost savings and reduced maintenance concerns. Furthermore, the property benefits from low HOA fees, making it a financially attractive proposition. Its strategic location, just blocks from US-1, ensures high visibility and easy accessibility for patients and staff. The proximity to Aventura Hospital and Mount Sinai Medical Center further enhances its appeal as a satellite office for medical professionals with hospital privileges. This is a rare opportunity to acquire a fully operational medical office in a prime location, offering immediate returns and significant long-term potential. The asking price for this exceptional property is $1,000,000. The property's zip code is 33180, and it is located in Miami-Dade County.

• CAP approach

  CAP return

  Valuation

  6%

  $514,161

  6.5%

  $474,610

  7%

  $440,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $370,226

  Geo Method

  $370,226

• Alternative Use

  Use

  Valuation

  Residential

  $588,517

  Hospitality

  $539,078

  Educational

  $448,507

  Medical

  $463,932

  Retail

  $697,677

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.9677

Longitude

-80.1486

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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