50 179Th StMiami, FL 33162

Property Details for 50 179Th St

Year built

1967

Construction

CONCRETE

Lot size

2.50 AC

Property size (Sq ft)

53,622 SF

Zone code

7300:INDUSTRIAL,HVY MFG

Property type

Warehouses

APN

34-2112-023-0151

APU

3421120230151

Description

This exceptional Miami Gardens industrial property presents a unique investment opportunity. Priced at $12,500,000 ($231.15/SF), this offering encompasses two buildings totaling 54,077 square feet on a 2.5-acre lot. Building A boasts 42,494 square feet, including 2,416 square feet of office space with 20-foot clear ceiling heights, while Building B offers 12,658 square feet, featuring 2,196 square feet of office space and 24-foot clear ceiling heights. The property is zoned IU-2 and benefits from a sale-for-leaseback condition, providing immediate rental income potential. Strategically located near the Golden Glades Interchange, it enjoys convenient access to I-95, Florida's Turnpike, and SR 826, placing it within easy reach of major transportation arteries. The property is enhanced by a secure perimeter fence and gate, and recent renovations. High-quality office finishes are a notable feature, particularly in the second-floor bonus area. Nearby businesses include Publix, Flowers Foods, and SE Frozen Foods. This property's proximity to Miami International Airport and PortMiami further enhances its appeal. The property's location and features make it an ideal 1031 exchange replacement property. The parcel's size and existing tenant provide a stable cash flow with potential for future rent increases and appreciation. The property's address is 50 NE 179th St, Miami, FL 33162, with APN 34-2112-023-0151.

• Alternative Use

  Use

  Valuation

  Residential

  $16,510,536

  Hospitality

  $15,123,562

  Educational

  $12,582,626

  Medical

  $13,015,362

  Retail

  $19,572,974

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.9381

Longitude

-80.2002

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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