1982 8Th StHomestead, FL 33033

Property Details for 1982 8Th St

Year built

1982

Construction

CONCRETE

Lot size

3.74 AC

Property size (Sq ft)

21,927 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Outlet malls

APN

10-7917-001-0010

APU

1079170010010

Description

This exceptional turnkey medical spa business is available for purchase at $80,000. Located at 1982 NE 8th St, Homestead, FL 33033, in Miami-Dade County, this established business enjoys a prime location near the Turnpike. The property, built in 1982, is a storefront classified as retail and office space, also suitable for salon/barbershop use. The 1982 square foot space boasts three treatment rooms, creating a relaxing and professional atmosphere for clients. The current business offers a wide range of services including esthetician treatments, IV infusions, body treatments, cavitation, LED light therapy, permanent makeup, Botox, and body waxing. This presents a lucrative opportunity within the thriving aesthetics industry. The current monthly operating costs are low, with rent at $3,695, utilities at $228, and tenant insurance at $170. This established business is ready for a new owner to continue its success. The property's convenient location and diverse service offerings make it an attractive investment. This is a rare opportunity to acquire a profitable, established business in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $23,470,598

  6.5%

  $21,665,168

  7%

  $20,117,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,186,064

  Geo Method

  $18,186,064

• Alternative Use

  Use

  Valuation

  Residential

  $18,275,380

  Hospitality

  $16,740,149

  Educational

  $13,927,608

  Medical

  $14,406,599

  Retail

  $21,665,168

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.4768

Longitude

-80.4494

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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