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    32Nd Ave Miami, FL 33142

    For Sale
    $2,200,000

    Prime Miami location, 18,000 sq ft lot, high traffic count.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 18,000 square foot commercial lot, located at 4226 NW 32nd Ave in Miami, Florida, presents a unique investment opportunity. Situated in Miami-Dade County, zip code 33142, this property boasts a highly desirable location with exceptional visibility and accessibility. The lot benefits from a daily traffic count exceeding 50,000 vehicles, ensuring significant exposure for any commercial venture. Built in 1949, the property is zoned for special purpose use, offering considerable flexibility for development. The asking price is $2,200,000. This substantial lot presents an excellent opportunity for developers seeking a prime location for new construction or for investors looking for a high-traffic commercial property. Furthermore, this property offers the unique advantage of potential expansion. The adjacent acre lot and building at 3235 NW 41st St are available for purchase, providing an opportunity to acquire even more land and significantly increase the potential for development or expansion. This combined acquisition would create a substantial footprint in a high-demand area. The strategic location and high traffic volume make this property an exceptional investment opportunity with significant potential for future growth and profitability.

    Property Features for 0 32Nd Ave

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1949
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2483867
    Latitude
    25.809302

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    FAQs

    What type of property is this?
    Specialty property - Prime Miami location, 18,000 sq ft lot, high traffic count.
    Where is this specialty property located?
    The property is located at 32Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
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    32Nd Ave Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32Nd Ave Miami, FL 33142
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