2304 Ali Baba Ave - Manufacturing FOR SALE


Opa Locka, FL 33054
$790,000 USD
305-495-1298
2304 Ali Baba Ave, Opa Locka, FL for Sale
$790,000 USD
Manufacturing - FOR SALE
1/16
null | Request Cap Rate

2304 Ali Baba Ave
Opa Locka, FL 33054


HIGHLIGHTS

  • Property is ideal for investors looking to unlock value through creative re-use
  • Zoning allows for mixed-use industrial and multi-family
  • Located in a strategic Miami-Dade sub-market gaining traction as a major transportation and logistical hub

OVERVIEW

Introducing a dynamic adaptive re-use opportunity positioned for growth & creativity in the Opa-locka sub-market. The Alpha Commercial Advisors is proud to present a unique value-add mixed-use asset with underlying industrial zoning, ideally situated along Opa-locka's main Ali Baba Avenue corridor. Positioned for upside and versatility, the site consists of an 8-unit rooming house-style residential building in the rear and a street-fronting automotive garage--directly across from the area's well-established industrial district. In need of renovation, the property is ideal for investors looking to unlock value through creative re-use, whether by reactivating the residential units as affordable housing, converting to storage, light industrial or office use, or removing the garage to create yard or parking space, the site offers multiple high-margin paths to transform and profit at a fraction of the acquisition cost. A strategic Miami-Dade sub-market, Opa-locka is gaining traction amongst investors as a major transportation hub thanks to Miami-Opa-locka Executive Airport, Sri-Rail's Opa-locka Station, and direct access to I-95, The Florida Turnpike, and I-75. Anchored by one of the area's largest Amazon fulfillment centers which alone employees over 1,500 people--the city is attracting both large-scale industrial users and private sector investment, further supported by Opa-locka's Downtown Master Plan which is aimed at encouraging business-friendly growth. All-in-all, a compelling target for long-term multifamily investment and 1031 Exchange buyers seeking stability with upside. Seller financing available.

FOR SALE DETAILS

PRICE

$790,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Auto Repair, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16

LAND SF

6,970

ZONING

I-1

APN/PARCEL ID

08-2122-004-0140

ASK ABOUT THIS PROPERTY

Molli LeoniThe Alpha CommercialMore Info
305-495-1298

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Molli LeoniThe Alpha CommercialMore Info
305-495-1298

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