46 1St St Miami, FL 33130
- Office buildings
- 22,950 SF
- 0.13 lot acres
Current Use by Public Records
- Friedman Jed R / Attorney
- The Long Distance Moving Company of Miami Co. / Mover
- Tesla Solar / Solar Energy Equipment Supplier
- A1 Long Distance Moving Company of Miami Co. / Mover
- Elegant Ira M / Attorney
Property Details for 46 1St St
- Year built
- 1962
- Construction
- CONCRETE
- Lot size
- 0.13 lot acres
- Property size
- 22,950 SF
- Zone code
- 6401:COMMERCIAL
- Property type
- Office buildings
- APN
- 01-0112-040-1070
- APU
- 101120401070
Description
The Commonwealth Building, located at 46 SW 1st Street in Miami, Florida, offers a diverse range of office spaces ideal for various business needs. This four-story, Class C building, totaling 22,617 square feet, sits on a 0.13-acre lot and was constructed in 1962, with renovations completed in 1983. Currently, there are two available spaces totaling 5,772 square feet, perfect for businesses seeking short-term leases. The building caters to multiple tenants and offers traditional office, coworking, creative office, and executive office space options. Its prime downtown Miami location provides unparalleled convenience, situated just north of the I-95 northbound ramp, parallel to Southwest 1st Street. The building's proximity to key locations such as the Dade County Courthouses, the Federal Building, and the Metro Mover ensures easy access to government services and public transportation. Furthermore, its short distance from Brickell City Centre, Miami-Dade Arena, Bayfront Park, and Brightline Virgin Miami Central Station offers employees and clients a vibrant and accessible urban environment. This property presents a unique opportunity for businesses seeking a well-located and adaptable workspace in the heart of Miami.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,830,000
- 6.5%
- $2,955,000
- 7%
- $2,710,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,050,000
- Geo Method
- $2,510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,520,000
- Retail
- $2,865,000
- Mixed-Use
- $2,315,000
- Hospitality
- $2,365,000
- Educational
- $2,405,000
- Residential Income
- $2,450,000
- Energy
- $2,480,000
- Income-Based Land
- $2,575,000
- Food Service
- $2,665,000
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1945
- Latitude
- 25.773
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
