3621 Miami CtMiami, FL 33137

Property Details for 3621 Miami Ct

Year built

1981

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

11,768 SF

Zone code

6110:COMM/RES-DESIGN DIST

Property type

Retail properties

Property subtype

Outlet malls

APN

01-3124-038-0020

APU

131240380020

Description

This exceptional 10,958-square-foot flex space presents a unique investment opportunity in Miami's vibrant Design District. Situated at 3621 NE Miami Ct, this single-tenant building boasts a prime location at the intersection of the Design District and Midtown, offering unparalleled access to a dense residential population in surrounding neighborhoods like Wynwood and Edgewater. The property's strategic positioning provides easy access to Downtown Miami and Miami Beach, maximizing its market reach. The building itself is a two-story structure, zoned 6110, with a total of one building and one suite. Its significant front yard on NE 36th Street, directly facing the Target parking entrance/exit, offers exceptional visibility and convenient access. The ample space and versatile zoning make this property suitable for a wide range of uses, including but not limited to, industrial operations and potentially even a restaurant, given its desirable location and prominent street frontage. The property's APN is 01-31-24-038-0020. This is a rare opportunity to acquire a well-positioned, sizable flex space in one of Miami's most sought-after areas. The property's central location and high visibility make it an attractive option for businesses seeking to capitalize on the area's strong growth and high demand.

• CAP approach

  CAP return

  Valuation

  6%

  $11,223,266

  6.5%

  $10,359,938

  7%

  $9,619,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,353,851

  Geo Method

  $11,353,851

• Alternative Use

  Use

  Valuation

  Residential

  $8,738,995

  Hospitality

  $8,004,873

  Educational

  $6,659,960

  Medical

  $6,889,006

  Retail

  $10,359,938

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.811

Longitude

-80.1943

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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