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    701 Brickell Key Blvd Miami, FL 33131

    Sponsored
    For Sale
    $470,000

    Miami Office & Condo, Great Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 701 Brickell Key Blvd #1 in Miami, Florida, presents a unique investment opportunity. Built in 1997, the COURVOISIER COURTS building offers a versatile space ideal for a small business or discerning investor. The unit encompasses 422 square feet of commercial office space situated on the C-level, providing a functional and efficient workspace. Significant expansion potential exists with an additional 930 square feet of Limited Common Element (LCE) located on the ground level (G-level). Importantly, maintenance fees are calculated solely on the 422 square feet of commercial space, amounting to $505.57 per month. The property includes two designated parking spaces on the ground level, along with access to one unassigned parking space. The asking price for this attractive mixed-use property in the desirable Brickell Key area of Miami-Dade County (zip code 33131) is $470,000. This presents a compelling opportunity to acquire a well-located, versatile property with expansion potential in a thriving Miami market. The property's convenient location and attractive features make it an ideal investment for both business owners and real estate investors seeking a strong return.

    Property Features for 701 Brickell Key Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1997

    HighLights

    • 422 SF of commercial office space on the C‑level of the Courvoisier Courts building in Miami, FL.
    • 930 SF of additional Limited Common Element (LCE) available on the ground level for potential expansion.
    • Monthly maintenance fee of $505.57 based on the 422 SF commercial space.
    • Two assigned parking spaces and access to one unassigned space.
    • Asking price: $470,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    IQ Automation Home Automation Company Nailac & J Rehabilitation Rehabilitation Center Blakely School of Real ... Real Estate School BOA 701 Brickell Bank Claudia Rodriguez Miami ... Industrial Real Estate Agency

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Grocery Store Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1863615
    Latitude
    25.7679227

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    FAQs

    What type of property is this?
    Multifamily property - Miami Office & Condo, Great Investment
    Where is this multifamily property located?
    The property is located at 701 Brickell Key Blvd Miami, FL.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: 422 SF of commercial office space on the C-level of the Courvoisier Courts building in Miami, FL.; 930 SF of additional Limited Common Element (LCE) available on the ground level for potential expansion.; Monthly maintenance fee of $505.57 based on the 422 SF commercial space.
    Request Owner's contact information
    701 Brickell Key Blvd Miami, FL 33131
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    Miami, FL 33131
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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
    701 Brickell Key Blvd Miami, FL 33131
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