7640 36Th AveMiami, FL 33147

Property Details for 7640 36Th Ave

Year built

1959

Construction

CONCRETE

Lot size

0.80 AC

Property size (Sq ft)

26,304 SF

Zone code

7064

Property type

Warehouses

APN

30-3109-030-0100

APU

3031090300100

Description

This 26,304 sq ft Class B warehouse in Miami, FL, offers significant value-add potential. Located on a 0.8-acre lot, the property features three units, 16-foot ceilings, and is currently 100% occupied with below-market rents. Built in 1959 and renovated in 1999, the property benefits from a highly accommodating NCUAD zoning designation, allowing for a variety of commercial and industrial uses. Approximately 50% of the lease roll can be vacated by March 1, 2026, providing opportunities for owner-occupancy or lease rate increases to market value (~$17/SF). The property enjoys excellent access to major transportation arteries, including the Hialeah Expressway, Palmetto Expressway, I-95, and Miami International Airport. The asking price is $5,100,000. Access to one bay is via NW 76th St, with a lease on that lot extending to 2042, including two 30-year renewal options. A cell tower on the property can be relocated to facilitate redevelopment. This presents a compelling opportunity for investors seeking immediate revenue growth and long-term appreciation. The property's location in Miami's industrial core, combined with its flexible zoning and below-market rents, makes it an exceptional investment opportunity. The warehouse and adjacent land must be purchased together.

• Alternative Use

  Use

  Valuation

  Residential

  $8,536,354

  Hospitality

  $7,819,254

  Educational

  $6,505,528

  Medical

  $6,729,263

  Retail

  $10,119,710

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8439

Longitude

-80.2565

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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