For Sale
$9,300,000

7020 72Nd AveMiami, FL 33166

25,000 SF warehouse, Miami, FL. High visibility location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami industrial property, located at 7020 NW 72nd Ave, offers 25,000 square feet of rentable space within a 2-story, 1969-built warehouse, renovated in 2017. The building sits on a 2.1-acre lot (91,655 sq ft) and boasts a 24-foot ceiling height, four loading docks, and approximately 160 parking spaces. Currently configured as a nightclub with a kitchen, four bars, and a 30-space garage, the property includes a valuable liquor license. A long-term, annually renewable billboard lease provides additional income potential. The IU-1 zoning allows for a wide range of uses, including adult entertainment, office space, restaurants, retail, and more. The property enjoys excellent visibility from NW 72nd Ave (approx. 31,500 vehicles per day) and proximity to major thoroughfares like the Palmetto Expressway (approx. 241,000 vehicles per day), Dolphin Expressway, Turnpike, and I-95, as well as Miami International Airport. The asking price is $9,300,000, representing a price per square foot of $372. The land value is $101.46 per square foot. The property is currently 100% occupied, with the occupancy date expiring October 4, 2024. A 40-year recertification was completed in 2019. The building features concrete block construction with reinforced concrete tie-beams and tie-columns, reinforced concrete spread footings, and a flat roof supported by reinforced concrete double tees.

Highlights

  • 25,000 SF warehouse on a 2.1-acre lot, offering $372/SF.
  • Includes a valuable liquor license and a long-term billboard lease generating additional income.
  • Excellent visibility and access to major thoroughfares, including the Palmetto Expressway, Dolphin Expressway, Turnpike, and I-95, plus proximity to Miami International Airport.
  • 40-year recertification completed in 2019.
  • IU-1 zoning allows for diverse uses, including adult entertainment, office, retail, and restaurants. Currently operating as a nightclub with a kitchen, four bars, and approximately 30-space garage. Approximately 160 parking spaces.

Property Details for 7020 72Nd Ave

Property type
Warehouses, Retail properties
Square Feet
25,000 SF
Class
C
Year Built/Renovated
1969/2017
Buildings
1
Stories
2
Lot Size (sq. ft)
91,476 SF
Units
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.837888707845
Longitude
-80.314174113361
7020 72Nd Ave, Miami, Florida

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7020 72Nd Ave
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