10969 40th St Miami, FL 33165-4412
- Community centers
- 27,607 SF
- 3.24 lot acres
Current Use by Public Records
- Tuma Swimming Pool Finish / Swimming Pool Supply Store / Swimming Pool
- Insulation Material Suppliers of Westwood Lakes / Insulation Materials Store
Property Details for 10969 40th St
- Year built
- 1959
- Construction
- CONCRETE
- Lot size
- 3.24 lot acres
- Property size
- 27,607 SF
- Zone code
- 6061
- Property type
- Community centers
- APN
- 30-4018-000-1252
- APU
- 3040180001252
Description
Westlake Plaza, a prime retail shopping center in Miami, Florida, presents a unique investment opportunity. This multi-building complex boasts a total of 43,781 square feet of retail space situated on a generous 3.24-acre lot. The property consists of five individual buildings, offering flexibility for various retail businesses. Currently, there is 10,552 square feet of vacant space available, divisible into units as small as 50 square feet, with a maximum contiguous space of 3,150 square feet. This allows for a wide range of tenant possibilities, from small boutiques to larger retail operations. The property is conveniently located at 10969 SW 40th St, Miami, FL 33165, in Miami-Dade County, providing excellent accessibility and visibility. The property's multiple building configuration offers distinct advantages for tenants seeking individual spaces or businesses looking to expand. This is an exceptional opportunity to acquire a well-located retail property in a thriving Miami market. The existing infrastructure and ample space provide a solid foundation for immediate occupancy and future growth. The property's size and layout offer significant potential for increased revenue and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,395,000
- 6.5%
- $2,485,000
- 7%
- $2,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,380,000
- Geo Method
- $2,540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,130,000
- Retail
- $2,345,000
- Mixed-Use
- $2,940,000
- Hospitality
- $2,405,000
- Educational
- $2,700,000
- Residential Income
- $2,680,000
- Energy
- $3,010,000
- Income-Based Land
- $2,830,000
- Food Service
- $2,275,000
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3727
- Latitude
- 25.7328
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
