16805 NW 12Th Ave, Miami Gardens, FL 33169
- Motels
- 63,219 SF
- 4.00 lot acres
Current Use by Public Records
- Motels
Property Details for 16805 NW 12Th Ave
- Year built
- 1973
- Construction
- CONCRETE
- Lot size
- 4.00 lot acres
- Zone code
- 6500:COMMERCIAL,CLASSIF
- Property type
- Motels
- APN
- 34-2111-000-0062
- APU
- 3421110000062
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 15, 2024 | — | Good Night Inn & Suite Baymeadow 77 | — | Deed · related | $4.3M · First Ic Bank |
| Dec 11, 2020 | $6,000,000 | Good Night Inn & Suite Baymeadow 77 | Fraisant Enterprises Company | Special Warranty Deed | $3.1M · City First Mortgage Corp |
| Jul 24, 2008 | $6,000,000 | Fraisant Ents Co | Gdw Ptshp Ltd | Warranty Deed | — |
| — | — | Casa Bella-toy 14 INC | — | Deed Of Trust · related | $4.2M · Us Century Bank |
Description
This exceptional restaurant opportunity in Palmetto, Florida, presents a fully equipped, 4,500 square-foot space within a bustling hotel. The property boasts a substantial 6,500 square-foot building, zoned 6500, with a single tenant occupancy (APN: 34-21-11-000-0062). The existing build-out includes a state-of-the-art commercial kitchen and hood, partially equipped with appliances, ready for immediate operation. The space also features an inviting outdoor seating area and a convenient lobby entrance. Its strategic location offers high visibility and significant traffic counts, benefiting from excellent demographics. The property's potential is further enhanced by strong delivery, catering, and corporate event opportunities within the surrounding area. This versatile space is ideal for a variety of concepts, including a night bar and lounge, banquet hall, or venue for corporate events and weddings. The monthly lease rate is $18,770, with a move-in requirement of first month's rent, last month's rent, and a two-month security deposit. Don't miss this chance to establish your business in a prime location with significant growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,390,000
- ML approach
- $9,235,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,930,000
- 6.5%
- $7,320,000
- 7%
- $6,795,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Gardens
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2206
- Latitude
- 25.9282
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
