3400 Miami AveMiami, FL 33127

Property Details for 3400 Miami Ave

Year built

1918

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

2,726 SF

Zone code

6101

Property type

Office properties

Property subtype

Office buildings

APN

01-3125-019-1270

APU

131250191270

Description

This exceptional mixed-use property, located at 3400 N Miami Ave in Miami, Florida (zip code 33127), presents a unique investment opportunity. Built in 1918, this two-story warehouse building offers 3,800,000 USD asking price. Situated on a corner lot in the desirable Midtown/Wynwood area, the property benefits from its high visibility and convenient access to I-95, ensuring significant foot and vehicular traffic. Currently operating as a high-end fabric and clothing store, the building boasts a versatile layout suitable for a variety of commercial uses. The 1-building property includes a kitchen and two bathrooms, adding to its functionality. Its mixed-use zoning (Industrial, Retail) allows for diverse business operations or redevelopment potential, catering to entrepreneurs and investors seeking a prime location with substantial growth prospects. The property's strategic location within Miami-Dade County, combined with its existing infrastructure and high traffic volume, makes it an attractive investment for those seeking a strong return on investment. The building's history adds character, while its adaptable design allows for modern updates and customization to suit a wide range of business needs. Serious inquiries are encouraged to explore the full potential of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,768,582

  6.5%

  $1,632,537

  7%

  $1,515,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,043,676

  Geo Method

  $1,043,676

• Alternative Use

  Use

  Valuation

  Residential

  $2,024,346

  Hospitality

  $1,854,290

  Educational

  $1,542,747

  Medical

  $1,595,805

  Retail

  $2,399,829

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8083

Longitude

-80.1955

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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