1240 NW 74th St - Warehouse FOR SALE


Miami, FL 33147- Gladeview | 
$10,000,000 USD
305-972-7217
1240 NW 74th St, Miami, FL for Sale
$10,000,000 USD
Warehouse - FOR SALE
1/26
null | Request Cap Rate

1240 NW 74th St
Miami, FL 33147
Gladeview


OVERVIEW

Opportunity to purchase a nearly 30,000-square-foot warehouse on a 65,000-square-foot lot in West Little River. Little River is one of Miami’s hottest sub-markets and is currently experiencing a transformational shift. The western portion of Little River where this property resides is seeing an influx of businesses moving to the area and major redevelopment plans. The warehouse has 18 foot ceilings with 14 foot clear heights and features an expansive open layout with a large outdoor area, featuring two loading ramps—one with dock height accessibility—and a third loading dock in the back of the property. The property has six roll-up doors. The main section of the warehouse and the office space are air-conditioned, and the entire building is sprinklered. Parking is available at the front of the building, and the expansive yard area can be used for more parking or rented to produce income as outdoor storage. The property is currently occupied by a successful movie, tv, event, and advertisement prop business netting approximately $1.1 million/year which can be aquired with the property. The property is also located in a Qualified Opportunity Zone, offering tax incentives for buyers looking to reinvest capital gains.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

West Little River Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

Lighting - Sodium, Water - City, Sewer - City

CLEAR CEILING HT

18 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.48

LAND SF

64,469

ZONING

IU-1

APN/PARCEL ID

30-3111-033-0033

ASK ABOUT THIS PROPERTY

Alexandros TsoulfasSTL CommercialMore Info
305-972-7217

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Alexandros TsoulfasSTL CommercialMore Info
305-972-7217

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