850 71St StMiami, FL 33150

Property Details for 850 71St St

Year built

1954

Construction

CONCRETE

Lot size

0.41 AC

Property size (Sq ft)

13,750 SF

Zone code

7000:INDUSTRIAL,GENERAL

Property type

Industrial properties

Property subtype

Other warehouses

APN

01-3114-019-0110

APU

131140190110

Description

This exceptional 3,150 square foot industrial property, built in 1954 and located at 850 NW 71st St, Miami, FL 33150, presents a unique investment opportunity. The building boasts four renovated warehouse bays, each featuring updated roofs, HVAC systems, roll-up doors, and new lighting. This property is strategically positioned in Miami's Little River neighborhood, offering high visibility and excellent access to major thoroughfares. The size of the bays uniquely addresses the scarcity of smaller bay spaces in Miami's urban core, ensuring consistent rental income. Currently, all leases are short-term, providing flexibility for an end-user to occupy the entire building or for an investor to potentially increase rents and achieve greater stability. Its prime location offers easy access to key areas such as the AJ Capitals assemblage, the Citadel, EBB & FLOW, Iron Side, Wynwood, Biscayne Blvd, Midtown, and the Design District. The asking price is $3,475,000, and seller financing is being considered. This is a rare chance to acquire a well-maintained, high-demand industrial property in a rapidly developing area of Miami.

• Alternative Use

  Use

  Valuation

  Residential

  $10,210,842

  Hospitality

  $9,353,076

  Educational

  $7,781,650

  Medical

  $8,049,272

  Retail

  $12,104,788

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8393

Longitude

-80.2118

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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