3659 Miami AveMiami, FL 33133

Property Details for 3659 Miami Ave

Year built

1973

Construction

CONCRETE

Lot size

4.56 AC

Property size (Sq ft)

127,692 SF

Zone code

8000:COMMUNITY FACILITY

Property type

Medical offices

Property subtype

Medical centers

APN

01-4114-027-0012

APU

141140270012

Description

This six-story, Class B medical office building in Miami, Florida, offers 69,000 square feet of space, with a minimum divisible unit of 927 square feet and a maximum contiguous space of 5,501 square feet. Currently, 21,806 square feet is available for lease. The building boasts an excellent location between Downtown Miami and Coconut Grove, offering beautiful Biscayne Bay views. It's directly connected to Mercy Hospital via a second-floor skyway, providing convenient access for patients and staff. The building features a diverse mix of medical specialties already established, including OB/GYN, Cosmetic and General Surgery, Orthopedics, Pediatrics, Internal Medicine, Family Practice, Neurology, Rheumatology, Podiatry, Oncology, Pulmonology, ENT, Urology, Dermatology, and Gastroenterology. On-site amenities include a restaurant, covered patient drop-off with valet service, and a convenient parking garage. This is a prime opportunity to establish or expand your medical practice in a thriving, well-established medical environment. The address is 3659 S Miami Ave, Miami, FL 33133.

• CAP approach

  CAP return

  Valuation

  6%

  $110,247,144

  6.5%

  $101,766,592

  7%

  $94,497,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,888,160

  Geo Method

  $48,888,160

• Alternative Use

  Use

  Valuation

  Residential

  $126,190,576

  Hospitality

  $115,589,888

  Educational

  $96,169,432

  Medical

  $99,476,848

  Retail

  $149,596,896

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7407

Longitude

-80.2125

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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