This exceptional 50,000-square-foot industrial property, situated on a generous 1.89-acre lot in Medley, Florida's vibrant business district, presents a compelling investment opportunity. Located at 6500 NW 77th Ct, the property boasts a flexible zoning designation (7600 Intense Use), permitting a wide array of commercial uses including offices, retail, warehousing, and industrial operations. The substantial building offers approximately 30,500 square feet of warehouse space, complemented by office areas. Key features include oversized drive-in doors, ensuring efficient loading and unloading, a comprehensive wet sprinkler system for enhanced safety, and three-phase power to accommodate diverse operational needs. The warehouse is fully fenced and secured, providing peace of mind. The ample land area offers significant potential for expansion, additional storage, employee parking, and fleet management. The property's move-in-ready condition allows for a seamless transition for new owners. Furthermore, the layout lends itself to a flexible income structure through potential subdivision, maximizing return on investment. This prime location and versatile functionality make this an exceptional opportunity for businesses seeking a strategic foothold in the thriving Miami market. The asking price is $15,490,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$15,407,561
Hospitality
$14,113,243
Educational
$11,742,053
Medical
$12,145,880
Retail
$18,265,416
Location Insight
City
Medley
County
Miami-dade
State
Florida
Latitude
25.8328
Longitude
-80.3232
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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