220 137Th AveMiami, FL 33182

Property Details for 220 137Th Ave

Year built

2016

Lot size

2.44 AC

Property size (Sq ft)

1,440 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Retail properties

Property subtype

Outlet malls

APN

30-4903-003-0032

APU

3049030030032

Description

Exceptional investment opportunity: a 7100 sq ft warehouse in Miami, Florida, listed at $8,200,000. This property boasts IU-1 zoning, permitting industrial and light manufacturing uses, including warehouses and storage facilities. Ideally situated near major highways – the 836 Dolphin Expressway and the Turnpike (less than 1000 feet from the 836) – it offers unparalleled accessibility. Currently equipped with well water and septic, the property benefits from its proximity to a neighboring site already connected to municipal water and sewer, simplifying utility connection upon purchase and development. Importantly, the land is not suitable for vehicle parking or machinery storage. Significant improvements have already been made, including the installation of a dry retention area (.26 acre) for surface water management, meeting Miami-Dade County elevation and flood criteria. Soil remediation has been completed, and permits are in place for the driveway/connection and FPL street post lights. Miami-Dade DERM Institutional and Engineering Controls have been implemented by the owner. This property presents a unique chance to develop a high-value industrial asset in a prime Miami location. 1031 exchange is permitted.

• CAP approach

  CAP return

  Valuation

  6%

  $600,165

  6.5%

  $553,999

  7%

  $514,427

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,806

  Geo Method

  $511,806

• Alternative Use

  Use

  Valuation

  Residential

  $467,319

  Hospitality

  $428,061

  Educational

  $356,142

  Medical

  $368,390

  Retail

  $553,999

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7699

Longitude

-80.4183

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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