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    2173 62Nd St Miami, FL 33147

    Sponsored
    For Sale
    $4,000,000

    High-visibility retail space, ample parking.

    Property size:
    8,667 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This freestanding, single-tenant retail storefront at 2173 NW 62nd St, Miami, FL 33147, offers 8,667 square feet of versatile space on a 18,750 square foot lot. Currently vacant, the property is available for sale at $4,000,000. Built in 1981 and renovated in 2011, the Class B building features a single story, open floor plan, and high ceilings. The property boasts 33 parking spaces, ensuring convenient access for customers. Located on a busy road with excellent visibility, this corner lot offers significant potential for a variety of retail uses. The property is zoned for commercial use and benefits from its location near a bus stop. The lease terms for the previous tenant, Family Dollar, are expiring on March 31, 2026, leaving 1.4 years remaining. The lease was a NNN lease with a credit-rated tenant and included 10% rent bumps. Lease options are available for discussion. The property's prime location and ample parking make it an attractive investment opportunity. The previous tenant's occupancy ended July 18, 2024. This is a great opportunity for owner-occupancy or investment.

    Property Features for 2173 62Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,667 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1981/2011
    Buildings
    1
    Stories
    1

    HighLights

    • 8,667 SF freestanding retail building on a 18,750 SF lot at 2173 NW 62nd St, Miami, FL 33147.
    • $4,000,000 asking price.
    • Class B building, built in 1981, renovated in 2011, with a single‑story, open floor plan and high ceilings.
    • 33 parking spaces.
    • Corner lot with high visibility on a busy road, zoned commercial, near a bus stop.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Family Dollar Dollar Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2324363
    Latitude
    25.8317733

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    FAQs

    What type of property is this?
    Individual retail property - High-visibility retail space, ample parking.
    Where is this individual retail property located?
    The property is located at 2173 62Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 8,667 SF freestanding retail building on a 18,750 SF lot at 2173 NW 62nd St, Miami, FL 33147.; $4,000,000 asking price.; Class B building, built in 1981, renovated in 2011, with a single-story, open floor plan and high ceilings.
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    2173 62Nd St Miami, FL 33147
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    Miami, FL 33147
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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
    2173 62Nd St Miami, FL 33147
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