8201 Miami AveMiami, FL 33150

Property Details for 8201 Miami Ave

Year built

1968

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

2,130 SF

Zone code

6101

Property type

Gas stations

APN

01-3112-013-0420

APU

131120130420

Description

This exceptional 31,880-square-foot property at 8201 N Miami Ave, Miami, FL 33150, presents a significant development opportunity. Currently zoned T5-O in the thriving Little River neighborhood, this full-block site boasts high visibility with over 30,000 cars passing daily, ensuring maximum exposure. The asking price is $4,999,000, translating to $156.81 per square foot. Its strategic hard-corner location makes it ideally suited for a variety of vertical projects, including those aligning with SB 102, the "Live Local Act," offering substantial funding for workforce housing. The property's size and location in Miami's rapidly developing Little River area offer substantial upside potential for investors seeking a high-impact project. This is a rare chance to acquire a large, well-positioned parcel in a prime Miami location, poised for significant growth and return. The existing car wash and garage/parking structures offer immediate income potential or redevelopment possibilities. This is a truly unique opportunity to capitalize on Miami's dynamic real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,031,404

  6.5%

  $1,875,142

  7%

  $1,741,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,055,039

  Geo Method

  $2,055,039

• Alternative Use

  Use

  Valuation

  Residential

  $1,581,752

  Hospitality

  $1,448,876

  Educational

  $1,205,448

  Medical

  $1,246,906

  Retail

  $1,875,142

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.85

Longitude

-80.1967

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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