Commercial
For Sale
$4,200,000
Pending
7124 ABBOTT AV, Miami Beach, FL 33141
Land zoned for retail, hotel, offices, multifamily, and services, with 27 parking spaces.
Property Size20,000 SF
Days on Market4922
Property Features for 7124 ABBOTT AV
General Information
Standard status
Pending
Size
20,000 SF
Property subtype
Business Opportunities
Amenities
3
27 Parking Spaces.
Building Details
Year Built
1947
Listing Agency:
Aventura Real Estate, Inc.
(305) 586-2207
Listed By:
Jonathan Lief · License #0473050
(305) 586-2207
Source:
Xome
Added: Feb 13, 2013
Changed: Jul 30
Last Checked: Jul 30 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aventura Real Estate, Inc.
Investment Insights
Based on property information with market context.
This commercial land parcel on Abbott Ave in Miami Beach is offered with 20,000 SF of total property size and an existing structure footprint supported by a 1947 year built. Interior guest facilities are noted as 3, and exterior features include 27 parking spaces. There is no pool reported.
The site is described as a great mid-Beach location and the principal connection between north and south Miami Beach. 71st St is also described as a principal connection between Miami and Miami Beach, with the property noted as two blocks from the beach.
New urban zoning is described to include retail, hotel, offices, multifamily, and services, providing multiple acquisition and development options based on the intended use. Rent rolls are available and owner financing is mentioned with a stated minimum down payment amount; contact the listing agent for details.
The site is described as a great mid-Beach location and the principal connection between north and south Miami Beach. 71st St is also described as a principal connection between Miami and Miami Beach, with the property noted as two blocks from the beach.
New urban zoning is described to include retail, hotel, offices, multifamily, and services, providing multiple acquisition and development options based on the intended use. Rent rolls are available and owner financing is mentioned with a stated minimum down payment amount; contact the listing agent for details.
Key Highlights
- 20,000 SF commercial land parcel
- New urban zoning supports retail, hotel, offices, multifamily, and services
- 27 parking spaces
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $585.6k | $29.28 |
| − Vacancy | −$26.4k | −$1.32 |
| EGI | $559.2k | $27.96 |
| − OpEx | −$251.7k | −$12.58 |
| NOI | $307.6k | $15.38 |
20,000 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.39M
$3.84M – $5.13M
NOI $307,586 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.15M
$8.88M – $11.84M
NOI $710,279 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Land zoned for retail, hotel, offices, multifamily, and services, with 27 parking spaces.
Where is this commercial land located?
The property is located at 7124 ABBOTT AV Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 20,000 SF commercial land parcel; New urban zoning supports retail, hotel, offices, multifamily, and services; 27 parking spaces
