5445 Collins Ave Miami Beach, FL 33140
- Retail space
- 10,700 SF
Current Use by Public Records
- Retail space
Property Details for 5445 Collins Ave
- Year built
- 1966
- Property size
- 10,700 SF
- Zone code
- 4100:MULTI-FAMILY,101+U/A
- Property type
- Retail space
- APN
- 02-3214-021-5400
- APU
- 232140215400
Description
This exceptional Miami Beach office space, located at 5445 Collins Ave #10, presents a unique investment opportunity. Priced at $350,000, this property offers two distinct office spaces, designated CU10 and CU10A, within the Castle Beach building's lower lobby. These units, totaling one folio, can be leased individually or together, providing flexibility for various business needs. The building was constructed in 1966 and is situated in the desirable Miami Beach area of Miami-Dade County, Florida, with a zip code of 33140. The precise location is 25.8342472 latitude and -80.1201699 longitude. This presents a compelling opportunity for owner-occupants or investors seeking a well-located commercial property in a thriving market. The attractive asking price is further enhanced by the availability of owner financing, making this an accessible and potentially lucrative investment. The property's location on Collins Avenue offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The dual-office configuration provides versatility, catering to both single-occupancy and multi-tenant requirements. This is a rare opportunity to acquire a well-positioned office space in a prime Miami Beach location with flexible financing options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $920,000
- 7%
- $935,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,135,000
- Geo Method
- $1,105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $970,000
- Retail
- $985,000
- Mixed-Use
- $1,180,000
- Hospitality
- $990,000
- Educational
- $1,190,000
- Residential Income
- $1,150,000
- Energy
- $1,115,000
- Income-Based Land
- $965,000
- Food Service
- $875,000
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1202
- Latitude
- 25.8341
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
