S /Smoke Shop Store & Smoke Shop For Sale, Miami, FL 33126
- Hospitals
- 163,497 SF
- 4.54 lot acres
Current Use by Public Records
- miami anesthesia services / Medical Clinic
- MIAMI CARE CENTER formerly known as PAN AMERICAN HOSPITAL / Nursing Home
- Parkinson Care Center At Pan Amer / Medical Clinic
- Dr. Xavier P. Anton, MD / Physician
- Mendoza-Calix Oscar M MD / Physician
Property Details for S /Smoke Shop Store & Smoke Shop For Sale
- Year built
- 1962
- Construction
- CONCRETE
- Lot size
- 4.54 lot acres
- Zone code
- 8000:COMMUNITY FACILITY
- Property type
- Hospitals
- APN
- 01-3051-004-0010
- APU
- 130510040010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 4, 2022 | $60,000,000 | Mpt Of Coral Terrace Steward LLC | Variety Childrens Hospital INC | Special Warranty Deed | — |
| Jan 3, 2018 | $88,000,000 | Variety Childrens Hosp INC | Hc-5959 Nw 7th Street LLC | Grant Deed | — |
| May 2, 2014 | $46,972,500 | Hc-5959 Nw 7th Street LLC | Metropolitan Health Cmnty Svcs | Grant Deed | — |
| Feb 9, 2007 | — | Metropolitan Health Cmnty Svcs | — | Deed Of Trust | $37M · Westernbank Fin'l Center Corp |
| Dec 1, 2006 | — | Metropolitan Health Cmnty Ser | Owner,record | Grant Deed · related | — |
| — | — | Pan American Hospital Corp | — | Deed Of Trust · related | $19.9M · Hamilton Bank NA |
| — | — | Metropolitan Health Cmnty Svcs | — | Deed Of Trust · related | $37M · Westernbank Fin'l Center Corp |
Description
This exceptional 5.15-acre commercial land parcel, located at 5959 NW 7th St, Miami, FL 33126 (APN 30-3036-002-0030), presents a unique redevelopment opportunity. Zoned IU-2 - Heavy Industrial Manufacturing, this property is situated in Miami-Dade County's Waterford Business District, offering excellent market positioning. Its strategic location is directly across a canal from the former Miami Medical Center and boasts proximity to Miami International Airport (approximately 6.5 miles east of downtown Miami). The surrounding area features a strong mix of high-quality office, residential, retail, and hotel developments, with significant institutional ownership. Given the limited availability of comparable development sites in the Miami market, this parcel offers investors a prime opportunity for various uses, including potentially complementary healthcare development. The property's desirable location within a well-established business district should prove attractive to a wide range of investors seeking a strategic foothold in Miami's thriving commercial landscape. Offers are being accepted with a deadline of Thursday, August 22nd, 2024.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- Off market
-
CAP approach
- CAP Return
- Estimation
- 6%
- $45,125,000
- 6.5%
- $41,655,000
- 7%
- $38,680,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $60,907,000
Market price range: $43.4M - $120M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $71,805,000 Current use
- OFFICE BUILDING
- $87,810,000 Change: +22% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2936
- Latitude
- 25.7784
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
