1195 71St StMiami, FL 33150

  • Industrial properties
  • 24,084 SF
For Sale
$5,600,000 View listing

Property Details for 1195 71St St

Year built
1953
Construction
CONCRETE
Lot size
0.95 AC
Property size (Sq ft)
24,084 SF
Zone code
7100:INDUSTRIAL,LIGHT MFG
Property type
Industrial properties
Property subtype
Other warehouses
APN
30-3111-024-0150
APU
3031110240150

Description

This exceptional free-standing warehouse building, located at 1195 NW 71st St, Miami, FL 33150, is offered for sale at $5,600,000. Situated in Little River, a submarket experiencing significant investment and development, this property presents a compelling opportunity for investors and end-users alike. The warehouse boasts desirable features including high ceilings, a comprehensive sprinkler system for safety, well-appointed office spaces, convenient dock-height loading for efficient operations, and ample on-site parking for employees and visitors. Its versatile design makes it suitable for a range of uses, encompassing light industrial operations, entertainment ventures, production facilities, or flexible-use spaces. The strategic location within Miami's urban core, coupled with easy access to I-95, ensures excellent connectivity to major landmarks and transportation arteries. The current owner occupies the property and is open to negotiating a short-term leaseback arrangement to facilitate a smooth transition. Alternatively, the property can be delivered vacant upon sufficient advance notice and a firm commitment from a buyer. This presents a unique opportunity to acquire a well-maintained, strategically located warehouse in a thriving Miami submarket.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $17,884,940
    Hospitality
    $16,382,508
    Educational
    $13,630,055
    Medical
    $14,098,813
    Retail
    $21,202,308
1195 71St St, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.8398
Longitude
-80.2165
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
$35,448
$1,247,340
$1,304,660
$2,552,000
-
$1,247,340
$1,304,660
$2,552,000

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