6040 21st St Miramar, FL 33023-2921
- Specialty properties
- 11,747 SF
- 0.27 lot acres
Current Use by Public Records
- Premium Quality Events / Event Management Company
- Premium Quality Group of Companies / Event Management Company
- Linens Design / Linens Store
- Tio Fiesta Events / Event Management Company / Party Equipment Rental Service
- La Vie En Rose Banquet Hall / Banquet Hall
Property Details for 6040 21st St
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 0.27 lot acres
- Property size
- 11,747 SF
- Zone code
- SD
- Property type
- Specialty properties
- APN
- 51-41-24-01-0170
- APU
- 514124010170
Description
This exceptional 11,747-square-foot mixed-use building presents a unique investment opportunity in Miramar, Florida. Completely renovated in 2023, this two-story, Class C property boasts a versatile layout ideal for various uses, including restaurant, storefront, or traditional office space. The building features 2 loading docks, 2 dock-high doors, and an impressive 18-foot ceiling height. Situated on a 23,136-square-foot lot, it includes a private gated parking lot with over 21 spaces. The property's zoning (SD) allows for flexible uses such as banquet halls, catering services, or entertainment venues. A current 13CT full liquor catering license is available. The building's strong pro-forma NOI of $246,450 and a pro-forma cap rate of 9.30% indicate significant potential for return on investment. Located on SW 21st Street, this property benefits from high traffic counts exceeding 36,000 vehicles per day and proximity to major attractions like the Seminole Hard Rock Casino and Fort Lauderdale International Airport. The surrounding area is densely populated, with a high average household income, and includes numerous established retailers. The building's roof was sealed in 2023, eliminating the need for immediate improvements. This is a turnkey opportunity for an owner-user or investor seeking a high-return property in a thriving commercial area. The property's address is 6040 SW 21st St, Miramar, FL 33023, APN 514124010170. Vacant and ready for immediate occupancy starting May 3, 2024. Asking price is $2,650,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miramar
- County
- Broward
- State
- Florida
- Longitude
- -80.2088
- Latitude
- 25.9914
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
