3195 54Th StMiami, FL 33142

Property Details for 3195 54Th St

Year built

1954

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

3,174 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Retail properties

Property subtype

Gas stations

APN

30-3116-009-2140

APU

3031160092140

Description

This exceptional investment opportunity presents a 3,174-square-foot unbranded service station ideally situated on a high-traffic corner in Miami, Florida. Located at 3195 NW 54th St, Miami, FL 33142, this property benefits from approximately 50,000 vehicles passing daily. Built in 1954 and boasting a 100% occupancy rate, the station features two 20,000-gallon fuel tanks (replaced in 2012), one double-sided gas dispenser, and three double-sided diesel dispensers, including an off-road diesel dispenser. The property sits on a 12,090-square-foot lot zoned BU-3, offering significant potential for expansion and development. The asking price is $3,250,000, representing a $1,023.94 price per square foot. The property is under a gross lease with a remaining term of 100 years and is classified as a single-tenancy convenience store. This value-add opportunity presents a strong return on investment with a 100% cap rate. The property's prime location and substantial fuel sales (approximately 100,000 gallons of diesel and 20,000 gallons of gasoline monthly) make it an attractive proposition for discerning investors. This is a rare chance to acquire a well-established business in a thriving Miami-Dade County location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,322,864

  6.5%

  $1,221,106

  7%

  $1,133,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,128,106

  Geo Method

  $1,128,106

• Alternative Use

  Use

  Valuation

  Residential

  $1,030,048

  Hospitality

  $943,519

  Educational

  $784,996

  Medical

  $811,994

  Retail

  $1,221,106

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.824

Longitude

-80.2486

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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