20205 Franjo RdCutler Bay, FL 33189

Property Details for 20205 Franjo Rd

Year built

1973

Construction

TYPE NOT SPECIFIED

Lot size

0.15 AC

Property size (Sq ft)

3,199 SF

Zone code

6103:NEIGHBRHD-ARTERIAL

Property type

Hospitals

APN

36-6009-002-0440

APU

3660090020440

Description

This exceptional investment opportunity presents a well-established veterinary clinic located at 20205 Franjo Rd, Cutler Bay, Florida 33189. The property, built in 1973, consists of three lots totaling 19,000 square feet. The main clinic building encompasses 3,199 square feet and has served the community since 1974. Two of the lots, each measuring 6,500 square feet, accommodate the clinic and parking. The remaining 6,000 square foot lot is undeveloped, offering a unique amenity – a grassy area for animal exercise. This established business is included in the sale price of $1,800,000. The property's prime location in the heart of Cutler Bay, Miami-Dade County, offers significant potential for continued success and growth. The combination of a thriving business and ample land presents a rare opportunity for investors seeking a strong return in a desirable Florida market. This is a turnkey operation with significant upside potential. The property's size and location make it suitable for a variety of uses, beyond its current veterinary clinic operation.

• CAP approach

  CAP return

  Valuation

  6%

  $2,273,577

  6.5%

  $2,098,686

  7%

  $1,948,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,185

  Geo Method

  $1,209,185

• Alternative Use

  Use

  Valuation

  Residential

  $2,662,272

  Hospitality

  $2,438,627

  Educational

  $2,028,909

  Medical

  $2,098,686

  Retail

  $3,156,081

Location Insight

City

Cutler Bay

County

Miami-dade

State

Florida

Latitude

25.5795

Longitude

-80.3359

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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