For Sale
$5,100,000

7640 36Th AveMiami, FL 33147

Prime Miami warehouse, high upside potential.

Overview

Added:
Feb 13
Days on market:
50
This 26,304 sq ft Class B warehouse in Miami, FL, offers significant value-add potential. Located on a 0.8-acre lot, the property features three units, 16-foot ceilings, and is currently 100% occupied with below-market rents. Built in 1959 and renovated in 1999, the property benefits from a highly accommodating NCUAD zoning designation, allowing for a variety of commercial and industrial uses. Approximately 50% of the lease roll can be vacated by March 1, 2026, providing opportunities for owner-occupancy or lease rate increases to market value (~$17/SF). The property enjoys excellent access to major transportation arteries, including the Hialeah Expressway, Palmetto Expressway, I-95, and Miami International Airport. The asking price is $5,100,000. Access to one bay is via NW 76th St, with a lease on that lot extending to 2042, including two 30-year renewal options. A cell tower on the property can be relocated to facilitate redevelopment. This presents a compelling opportunity for investors seeking immediate revenue growth and long-term appreciation. The property's location in Miami's industrial core, combined with its flexible zoning and below-market rents, makes it an exceptional investment opportunity. The warehouse and adjacent land must be purchased together.

Highlights

  • $5,100,000 asking price for a value-add industrial warehouse property.
  • 26,304 square foot warehouse on a 0.8-acre lot in Miami, FL.
  • 100% occupancy with three tenants, offering potential for owner-occupancy by March 1, 2026.
  • Below-market rents (~$12.33/SF) present a 7% pro forma cap rate with market rent increases ($17.00/SF).
  • Highly flexible NCUAD zoning allows for diverse commercial and industrial uses, offering redevelopment potential.

Property Details for 7640 36Th Ave

Property type
Warehouses, Industrial properties
Square Feet
26,304 SF
Class
B
Year Built/Renovated
1959/1999
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF
Units
3

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.843790112908
Longitude
-80.258037924211
7640 36Th Ave, Miami, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7640 36Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message