2005 10Th AveMiami, FL 33127

Property Details for 2005 10Th Ave

Year built

1939

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

3,136 SF

Zone code

7000:INDUSTRIAL,GENERAL

Property type

Retail properties

Property subtype

Other automotive properties

APN

01-3126-016-0050

APU

131260160050

Description

This exceptional 1-story warehouse, built in 1939, is located at 2005 NW 10th Ave, Miami, FL 33127, in Miami-Dade County. Offered at $3,500,000, this 1-building industrial property presents a unique investment opportunity. The property boasts a long-standing history, having operated as a successful body shop and paint business for over 40 years. The business includes a fully equipped workshop featuring a paint booth, spray booth, lift, frame machine, and three compressors. All necessary permits and licenses are current, ensuring a smooth transition for the new owner. The business enjoys a strong reputation, established client relationships (including multiple rent-a-car agencies and dealerships), and transferable repair contracts. Financial records, contracts, and a complete equipment inventory are available for review. The current owner is offering training and support to facilitate a seamless handover. The established clientele and long-term operational history contribute to a high potential for return on investment. The business's history and potential may also qualify for certain visa programs, making it an attractive option for international investors. This is a rare chance to acquire a turnkey operation in a desirable Miami location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,980,128

  6.5%

  $3,673,964

  7%

  $3,411,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,025,636

  Geo Method

  $3,025,636

• Alternative Use

  Use

  Valuation

  Residential

  $3,099,126

  Hospitality

  $2,838,783

  Educational

  $2,361,834

  Medical

  $2,443,061

  Retail

  $3,673,964

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7955

Longitude

-80.2109

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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