17801 Dixie Hwy Palmetto Bay, FL 33157-5430
- Office buildings
- 9,311 SF
- 0.76 lot acres
Nov 06, 2024
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 17801 Dixie Hwy
- Year built
- 1976
- Construction
- CONCRETE
- Lot size
- 0.76 lot acres
- Property size
- 9,311 SF
- Zone code
- 6800:COMM,PROFESS OFFICES
- Property type
- Office buildings
- APN
- 33-5032-004-2890
- APU
- 3350320042890
Description
This exceptional 18,000 square foot retail property is situated at 17801 S Dixie Hwy in Palmetto Bay, Florida, offering a rare opportunity for businesses seeking high visibility and significant foot traffic. Located directly on US1, this single-tenant building boasts a prime corner lot position with no immediate neighbors, ensuring maximum exposure. The property features a substantial parking area accommodating 60+ vehicles, catering to the needs of customers and employees. Inside, a 1,000 square foot office space is thoughtfully divided into four separate work areas, providing ample administrative space. Adding to its unique appeal, the property includes an awning specifically designed for car washing, presenting a valuable additional service opportunity. The zoning designation is 6800, and the APN is 33-50-32-004-2890. With a daily traffic count exceeding 29,000 vehicles, this location guarantees exceptional visibility and accessibility. This is a truly unique opportunity to establish a thriving business in a high-demand area. The property's size and features make it suitable for a wide range of retail ventures. Don't miss this chance to secure a prominent location in a bustling South Florida community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,455,000
- 6.5%
- $4,115,000
- 7%
- $3,820,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,851,000
Market price range: $1.68M - $3.37M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,555,000 Current use
- RETAIL STORES
- $4,675,000 Change: +83% Conversion: Moderate
- MEDICAL BUILDING
- $4,090,000 Change: +60% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,770,000 Change: +8% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,645,000 Change: +4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Palmetto Bay
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3502
- Latitude
- 25.6033
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA