3700 27Th AveMiami, FL 33142

Property Details for 3700 27Th Ave

Year built

1934

Construction

CONCRETE

Lot size

1.22 AC

Property size (Sq ft)

9,757 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Other automotive properties

APN

30-3121-011-0010

APU

3031210110010

Description

This exceptional 2,500 square foot retail space, located at 3700 NW 27th Ave in Miami, presents a unique investment opportunity. The property is a single-tenant building situated on a corner lot at the intersection of NW 27th Avenue and 37th Street, offering excellent visibility and accessibility. Currently configured as a licensed automotive repair facility (no painting) and former part of a 60-year-old auto dealership, the space includes approximately 2,500 square feet of office and showroom space, plus an additional 30,000 square feet of auto repair facilities. Ample parking is available in the rear of the building, accommodating up to 50 vehicles. The zoning designation is 6400. The property's APN is 30-31-21-011-0010. This prime location is in the heart of Miami, offering convenient access to major transportation arteries, including US-9 (NW 27th Ave), situated between the Airport Expressway (RT 112) and NW 36th Street. The property's central location provides easy access to Miami International Airport (5 minutes), Downtown Miami (10 minutes), the Design District (5 minutes), and Hialeah (5 minutes). The space is suitable for a variety of uses, including auto/truck repair, auto body work, and retail operations, with ample room for showroom displays directly on NW 27th Avenue. No key money is required.

• CAP approach

  CAP return

  Valuation

  6%

  $4,066,537

  6.5%

  $3,753,726

  7%

  $3,485,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,467,841

  Geo Method

  $3,467,841

• Alternative Use

  Use

  Valuation

  Residential

  $3,166,408

  Hospitality

  $2,900,413

  Educational

  $2,413,110

  Medical

  $2,496,100

  Retail

  $3,753,726

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8104

Longitude

-80.2407

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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