7020 72Nd AveMiami, FL 33166

  • Retail properties
  • 19,955 SF
For Sale
$9,300,000 View listing

Property Details for 7020 72Nd Ave

Year built
1969
Construction
CONCRETE
Lot size
2.10 AC
Property size (Sq ft)
19,955 SF
Zone code
7100:INDUSTRIAL,LIGHT MFG
Property type
Retail properties
Property subtype
Bars
APN
30-3014-010-0500
APU
3030140100500

Description

This exceptional Miami industrial property, located at 7020 NW 72nd Ave, offers 25,000 square feet of rentable space within a 2-story, 1969-built warehouse, renovated in 2017. The building sits on a 2.1-acre lot (91,655 sq ft) and boasts a 24-foot ceiling height, four loading docks, and approximately 160 parking spaces. Currently configured as a nightclub with a kitchen, four bars, and a 30-space garage, the property includes a valuable liquor license. A long-term, annually renewable billboard lease provides additional income potential. The IU-1 zoning allows for a wide range of uses, including adult entertainment, office space, restaurants, retail, and more. The property enjoys excellent visibility from NW 72nd Ave (approx. 31,500 vehicles per day) and proximity to major thoroughfares like the Palmetto Expressway (approx. 241,000 vehicles per day), Dolphin Expressway, Turnpike, and I-95, as well as Miami International Airport. The asking price is $9,300,000, representing a price per square foot of $372. The land value is $101.46 per square foot. The property is currently 100% occupied, with the occupancy date expiring October 4, 2024. A 40-year recertification was completed in 2019. The building features concrete block construction with reinforced concrete tie-beams and tie-columns, reinforced concrete spread footings, and a flat roof supported by reinforced concrete double tees.

7020 72Nd Ave, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.8376
Longitude
-80.3146
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
$49,895
$3,666,200
$15,321
$3,681,521
-
$3,666,200
$15,321
$3,681,521

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