2820 214Th St Miami, FL 33180
- Outlet malls
- 726 SF
- 0.02 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 2820 214Th St
- Year built
- 2021
- Lot size
- 0.02 lot acres
- Property size
- 726 SF
- Zone code
- 6800:COMM,PROFESS OFFICES
- Property type
- Outlet malls
- APN
- 28-1234-004-1640
- APU
- 2812340041640
Description
This exceptional 1,610 square foot retail space is ideally situated within the vibrant Aventura Health District, offering unparalleled access to a high-density concentration of medical professionals and patients. Located in the Ivory 214 building, a Class A property, this single-tenant space is part of a larger complex boasting 39,449 square feet of retail space and 321 parking spaces. The building's strategic placement puts it steps away from Aventura Hospital, a Level II Trauma Center and certified Thrombectomy-Capable Stroke Center, surrounded by over 300 medical practices. This prime location ensures high visibility and foot traffic, making it an excellent opportunity for a variety of retail businesses. The space is part of three contiguous retail spaces totaling 5720 square feet, offering flexibility for businesses needing more or less space. The property features three parking spaces dedicated to this unit. The zoning designation is 6800, and the APN is 28-12-34-004-1600. This is a unique opportunity to establish a thriving business in a high-demand medical hub. The asking price reflects a reduced rate for a quick sale, at $799 per square foot. Rental options are also available, with a rate of $77 per square foot NNN.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $275,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $205,000
- 6.5%
- $190,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $188,000
Market price range: $189k - $754k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $370,000 Current use
- AUTO REPAIR, GARAGE
- $460,000 Change: +24% Conversion: Difficult
- MEDICAL BUILDING
- $320,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Aventura
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.145
- Latitude
- 25.973
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA