Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising Event Planning
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Marketing & Advertising Event Planning
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(Bike/Boat/Book/etc) Store Home Decor Store
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Party Supply Store Rental Equipment Company
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Wedding Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
SD · Miramar, FLZoning
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Zoning designation
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The district profile from the municipal source: what is on file for SD in Miramar, FL.
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