1240 74Th StMiami, FL 33147

Property Details for 1240 74Th St

Year built

1961

Construction

CONCRETE

Lot size

1.48 AC

Property size (Sq ft)

29,475 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Industrial properties

Property subtype

Other warehouses

APN

30-3111-033-0033

APU

3031110330033

Description

This exceptional 29,475-square-foot warehouse, situated on a 64,538-square-foot lot in Miami's West Little River, presents a compelling investment opportunity. Located in a Qualified Opportunity Zone, this single-story building boasts 18-foot ceilings, providing ample vertical space. The practical layout includes three loading docks, two with dock-high doors, enhancing operational efficiency. The property features a spacious open layout with a substantial outdoor area, ideal for various industrial uses. Internal improvements include numerous industrial fans and air conditioning in the main warehouse and office areas. The building is fully sprinklered and offers convenient front parking. Currently occupied by a thriving business generating approximately $1.1 million annually (available for sale separately, with potential lease-back options), this property offers significant upside potential in a rapidly developing neighborhood. The zoning is IU-1. The asking price is $7,400,000. This is a rare chance to acquire a substantial asset in a burgeoning area.

• Alternative Use

  Use

  Valuation

  Residential

  $21,888,332

  Hospitality

  $20,049,594

  Educational

  $16,681,027

  Medical

  $17,254,714

  Retail

  $25,948,264

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8417

Longitude

-80.2178

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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