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Property profile & analytics
OFF-MARKET
Retail space

701 Brickell Key Blvd Ste Cu1 Miami, FL 33131-2675

422 SF Built 1997
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US18-2338317
Property summary
AI-generated overview

This exceptional mixed-use property, located at 701 Brickell Key Blvd #1 in Miami, Florida, presents a unique investment opportunity. Built in 1997, the COURVOISIER COURTS building offers a versatile space ideal for a small business or discerning investor. The unit encompasses 422 square feet of commercial office space situated on the C-level, providing a functional and efficient workspace. Significant expansion potential exists with an additional 930 square feet of Limited Common Element (LCE) located on the ground level (G-level). Importantly, maintenance fees are calculated solely on the 422 square feet of commercial space, amounting to $505.57 per month. The property includes two designated parking spaces on the ground level, along with access to one unassigned parking space. The asking price for this attractive mixed-use property in the desirable Brickell Key area of Miami-Dade County (zip code 33131) is $470,000. This presents a compelling opportunity to acquire a well-located, versatile property with expansion potential in a thriving Miami market. The property's convenient location and attractive features make it an ideal investment for both business owners and real estate investors seeking a strong return.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 422 SF
Zoning code CEN HI DENS BORDERS CB
APN 01-4206-063-2720
UPID US18-2338317
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • IQ Automation Home Appliance Store IT Consulting Firm
  • Nailac & J Rehabilitation Rehabilitation Center
  • Blakely School of Real Estate Vocational School Training Center
  • BOA 701 Brickell Bank Loan Service
  • Claudia Rodriguez Miami Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Ernesto Fong · 18 yrs held
Ernesto Fong
since 2008
Last sale
$400,000
4 recorded transactions
2008
Price N/A
2005
$169,900
2005
$95.0M
1969
Price N/A
Zoning & alternative use
CEN HI DENS BORDERS CB · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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