15221 21St AveNorth Miami Beach, FL 33162

  • Industrial properties
  • 10,909 SF
For Sale
$5,999,999 View listing

Property Details for 15221 21St Ave

Year built
1963
Construction
CONCRETE
Lot size
0.44 AC
Property size (Sq ft)
10,909 SF
Zone code
7100:INDUSTRIAL,LIGHT MFG
Property type
Industrial properties
Property subtype
Other warehouses
APN
07-2216-008-0250
APU
722160080250

Description

This exceptional 10,909 square foot industrial property, situated on nearly half an acre (19,250 sq ft) of land in North Miami Beach, Florida (33162), presents a unique investment opportunity. The property, located just one block from Biscayne Boulevard, boasts a prime location within a rapidly growing area. The building, a two-story structure, is currently configured as a film studio, offering versatile flex space adaptable to various uses. Its B-4 Light Industrial zoning allows for a range of potential developments. The property recently underwent a 50-year building recertification in May 2023, ensuring structural integrity and minimizing future maintenance concerns. This turnkey operation is ideal for both end-users seeking a functional space and investors looking to capitalize on the area's growth potential and redevelopment opportunities. The asking price is $5,999,999. This property offers a rare combination of location, size, and recent upgrades, making it a highly desirable asset in the competitive North Miami Beach commercial real estate market. Its proximity to Biscayne Boulevard provides excellent access to major transportation routes, enhancing its logistical advantages. The substantial land area also presents possibilities for future expansion or redevelopment, further increasing its long-term value. Don't miss this chance to acquire a high-quality industrial property in a thriving location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,293,190
    Hospitality
    $6,680,522
    Educational
    $5,558,116
    Medical
    $5,749,268
    Retail
    $8,645,959
15221 21St Ave, North Miami Beach, Florida

Location Insight

City
North Miami Beach
County
Miami-dade
State
Florida
Latitude
25.9163
Longitude
-80.1579
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,620
$481,250
$1,392,750
$1,874,000
-
$481,250
$1,392,750
$1,874,000

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