98 NW 47th Ave

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98 NW 47th Ave

Miami, FL 33126
Asking Price
$1.10M
Asset Type
Office
Class
Class B

What's Special

98 NW 47th Ave is located in the Flagami neighborhood of Miami, situated just south of the Blue Lagoon business district. The property offers direct proximity to Miami International Airport and sits near the intersection of the Dolphin Expressway (SR 836) and the Palmetto Expressway (SR 826). The surrounding area features a mix of residential blocks and established commercial corridors, providing access to various dining options, retail centers, and banking services along Flagler Street. Multiple Miami-Dade Transit bus routes serve the immediate vicinity, offering consistent public transportation connectivity. This office asset is suited for professional service firms, including legal, accounting, and administrative practices. The location is particularly advantageous for logistics-adjacent businesses or regional satellite offices requiring quick access to the airport and major highway interchanges. Typical tenants include local small-to-mid-sized enterprises seeking a central Miami-Dade location that balances suburban neighborhood access with proximity to the city's primary transportation hubs. The layout supports traditional office configurations or medical-consultated uses common to the area’s commercial landscape.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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