For Sale
$7,400,000

1240 74Th StMiami, FL 33147

29,475 SF Warehouse, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 29,475-square-foot warehouse, situated on a 64,538-square-foot lot in Miami's West Little River, presents a compelling investment opportunity. Located in a Qualified Opportunity Zone, this single-story building boasts 18-foot ceilings, providing ample vertical space. The practical layout includes three loading docks, two with dock-high doors, enhancing operational efficiency. The property features a spacious open layout with a substantial outdoor area, ideal for various industrial uses. Internal improvements include numerous industrial fans and air conditioning in the main warehouse and office areas. The building is fully sprinklered and offers convenient front parking. Currently occupied by a thriving business generating approximately $1.1 million annually (available for sale separately, with potential lease-back options), this property offers significant upside potential in a rapidly developing neighborhood. The zoning is IU-1. The asking price is $7,400,000. This is a rare chance to acquire a substantial asset in a burgeoning area.

Highlights

  • $7,400,000 asking price for a 29,475 SF warehouse in Miami, FL.
  • Located in the up-and-coming West Little River neighborhood, offering significant upside potential.
  • Features 18-foot ceilings, three loading docks (two dock-high), and ample parking.
  • Situated on a 64,538 SF lot, zoned IU-1.
  • Currently occupied by a profitable business (approx. $1.1M annual net income), with potential for leaseback.

Property Details for 1240 74Th St

Property type
Warehouses, Industrial properties
Square Feet
29,475 SF
Buildings
1
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8417441
Longitude
-80.2179478
1240 74Th St, Miami, Florida

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1240 74Th St
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