3230 42Nd StMiami, FL 33142

Property Details for 3230 42Nd St

Year built

1963

Construction

CONCRETE

Lot size

0.63 AC

Property size (Sq ft)

19,270 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

30-3121-000-1171

APU

3031210001171

Description

This exceptional Miami warehouse, located at 3230 NW 42nd St, Miami, FL 33142, presents a compelling investment opportunity. Built in 1963, this industrial property offers 20,375.50 USD in monthly net-net-net (NNN) lease income from existing tenants. The property's street-level access ensures convenient loading and unloading, a significant advantage for warehouse operations. Its central Miami location provides easy access to major transportation routes, enhancing its logistical appeal and maximizing its potential for future growth. The asking price for this well-established warehouse is $5,650,000. This represents a strong return on investment given the current stable income stream generated by the NNN leases. The property's solid construction and established tenancy make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The property is classified as an industrial warehouse and is situated in Miami-Dade County, Florida. This prime location offers excellent accessibility and visibility, making it an ideal investment for both short-term and long-term growth. The property's strong financial performance and strategic location make it a highly desirable asset in the competitive Miami real estate market.

• Alternative Use

  Use

  Valuation

  Residential

  $6,253,632

  Hospitality

  $5,728,294

  Educational

  $4,765,873

  Medical

  $4,929,778

  Retail

  $7,413,580

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8133

Longitude

-80.2493

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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