1031 NW 21st St - Warehouse FOR SALE


Miami, FL 33127- Allapattah
$5,200,000 USD
305-710-8411
1031 NW 21st St, Miami, FL for Sale
$5,200,000 USD
Warehouse - FOR SALE
1/19
null | Request Cap Rate

1031 NW 21st St
Miami, FL 33127
Allapattah


HIGHLIGHTS

  • Highly Permissive Zoning (D2 — Industrial) By-right uses include warehousing/distribution, manufacturing, showrooms, offices, research.
  • Dimensional allowances (0’ side/rear setbacks, 90% lot coverage, up to 8-story height, FAR 8.0) create meaningful redevelopment upside.
  • Works for an owner-user sale, 1031 exchange buyers, or value-add investors.

OVERVIEW

Prime redevelopment opportunity at 1031 NW 21st St - a strategically located warehouse in Allapattah amid a surge of institutional and private investment. The neighborhood is experiencing substantial mixed-use and workforce housing activity driven by the Live Local Act; recent multistory residential and mixed-use entitlements and large refinancing transactions demonstrate strong demand. Ideal for an owner-user, conversion to residential or a higher-density Live Local redevelopment, or a value-add repositioning play. Close to transit corridors and major development nodes - rare land play. Recent activity - Live Local entitlements, refinancing and institutional interest for workforce sites - are driving land values higher and widening exit options.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$636 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46

LAND SF

19,880

ZONING

D2

APN/PARCEL ID

01-3126-054-0010

ASK ABOUT THIS PROPERTY

David BallardFlorida Realty of MiamiMore Info
305-710-8411

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David BallardFlorida Realty of MiamiMore Info
305-710-8411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.