2814 17th Ave Miami, FL 33142-6630
- Outlet malls
- 746 SF
- 0.17 lot acres
Current Use by Public Records
- KELVIN SERVICES AC & APLIANCE INC / Appliance Store
- Allapattah Accounting Consultants / Accountant
- M S Painting Corporation / Painter
- X&U Attic & Insulation Services Inc. / Corporate Office / Insulation Contractor
Property Details for 2814 17th Ave
- Year built
- 1940
- Construction
- CONCRETE
- Lot size
- 0.17 lot acres
- Property size
- 746 SF
- Zone code
- 6100:COMMERCIAL,NEIGHBRHD
- Property type
- Outlet malls
- APN
- 01-3127-055-0220
- APU
- 131270550220
Description
This 1,500 sq ft vacant storefront in Miami's Allapattah neighborhood presents a compelling investment opportunity. Located on NW 17th Ave, a major corridor with 19,500 daily cars, this property boasts high visibility and accessibility. The 7,496 sq ft lot features a 1,500 sq ft retail/office building at the front and a 900 sq ft warehouse-style building at the rear, offering flexibility for various uses. Zoned T6-8-O, the property allows for mixed-use mid-rise development, presenting significant upside potential for future expansion or redevelopment. The asking price is $1,500,000 ($1,000/sq ft), with a land value of $213/sq ft. Built in 1940, this property is situated in a rapidly growing area, connecting Allapattah to Wynwood and Edgewater. Its location near major neighborhoods and high traffic corridors makes it ideal for a buy-and-hold strategy or a value-add project. Seller financing is available. The property includes on-site parking. This is a rare chance to acquire a well-positioned asset in a thriving Miami submarket.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $320,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $405,000
- 6.5%
- $375,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $322,000
Market price range: $99.8k - $322k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $220,000 Current use
- OFFICE BUILDING
- $510,000 Change: +131% Conversion: Easy
- AUTO REPAIR, GARAGE
- $455,000 Change: +108% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $345,000 Change: +56% Conversion: Easy
- MEDICAL BUILDING
- $330,000 Change: +49% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $210,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2239
- Latitude
- 25.8025
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
