Commercial property in Miami, Florida № 1230893
12
ID1230893
$ 4 850 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
The property is a two-story office building located adjacent to I-95, which sees approximately 240,000 cars daily. It is currently divided into thirty-three individual salons, each ranging from 90 to just under 200 square feet. The second floor is fully stabilized, while the first floor is in the lease-up stage. Once fully stabilized, this property is projected to generate $500,000 in gross income annually. Additionally, the site is prime for redevelopment, with the potential to expand up to four stories.MLS #: A11608337
Miami - Statistics
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| Parameters | Miami |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 843.62 |
| Apartment (1 bedroom) Outside of Centre | $ 2 130.79 |
| Apartment (3 bedrooms) in City Centre | $ 5 351.58 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 919.36 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 6 616.14 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 4 023.90 |
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| Parameters | Miami |
|---|---|
| Crime Index | 52.77 |
| Cost of Living and Rent Index | 72.34 |
| Purchasing Power Index | 112.07 |
| Property Price to Income Ratio | 6.23 |
| Safety Index | 47.23 |
| Traffic CO₂ Index | 10599.19 |
| Traffic Inefficiency Index | 233.91 |
| Rent Index | 68.55 |
| Health Care Index | 63.43 |
| Groceries Index | 79.54 |
| Pollution Index | 39.11 |
| Traffic Commute Time Index | 42.75 |
| Restaurant Price Index | 87.45 |
| Climate Index | 85.69 |
| Cost of Living Index | 75.44 |
| Quality of Life Index | 161.15 |
| Traffic Index | 211.31 |
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| Parameters | Miami |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 28.09 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 100.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 12.00 |
| Domestic Beer (0.5 liter draught) | $ 7.50 |
| Imported Beer (0.33 liter bottle) | $ 9.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 3.23 |
| Water (0.33 liter bottle) | $ 2.60 |
| Cappuccino (regular) | $ 5.32 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.16 |
| Loaf of Fresh White Bread (500g) | $ 3.83 |
| Eggs (regular) (12) | $ 4.14 |
| Local Cheese (1kg) | $ 15.15 |
| Water (1.5 liter bottle) | $ 2.13 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 2.38 |
| Imported Beer (0.33 liter bottle) | $ 2.63 |
| Cigarettes 20 Pack (Marlboro) | $ 11.40 |
| Apples (1kg) | $ 5.75 |
| Chicken Fillets (1kg) | $ 11.96 |
| Oranges (1kg) | $ 4.06 |
| Potato (1kg) | $ 2.30 |
| Lettuce (1 head) | $ 3.05 |
| Rice (white), (1kg) | $ 4.19 |
| Tomato (1kg) | $ 4.53 |
| Banana (1kg) | $ 1.88 |
| Onion (1kg) | $ 3.34 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 17.92 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.25 |
| Monthly Pass (Regular Price) | $ 113.75 |
| Gasoline (1 liter) | $ 0.95 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 35 000.00 |
| Taxi Start (Normal Tariff) | $ 4.00 |
| Taxi 1km (Normal Tariff) | $ 1.30 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 26 054.25 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 156.11 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 67.00 |
| $ 62.83 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 271.49 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.66 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 71.09 |
| Tennis Court Rent (1 Hour on Weekend) | $ 23.38 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 51.94 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 54.62 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 85.53 |
| 1 Pair of Men Leather Business Shoes | $ 122.00 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 281.25 |
| International Primary School, Yearly for 1 Child | $ 25 250.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityMiami
Address681 NW 108th St, Miami FL 33168
TypeCommercial property
Completion dateIV quarter, 1972
Price
- Price
- per m²
$ 4 850 000
- EUR €
- USD $
- RUB ₽
- GBP £
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