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West Little River Warehouse 1240 NW 74th St 29,475 SF Industrial Building Miami, FL 33147 $9,000,000 ($305.34/SF)
EXECUTIVE SUMMARY
Opportunity to purchase a 30,000 square foot warehouse on a 65,000 square foot lot in West Little River. Little River is an up and coming neighborhood that is starting to see a major boom. The western portion of the neighborhood is relatively untapped, giving an investor or user a strong strategic advantage to pick up a large piece before the area heats up.
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. It also has numerous industrial fans and the main section of the warehouse and office space are under AC. There is parking at the front of the building as well. The building is 100% sprinklered.
The property is also located in a Qualified Opportunity Zone.
The property is currently occupied by a successful movie, tv, event, and advertisement prop business netting approximately $1.1 million/year. This business is for sale and the real estate can be sold contingent on the business purchaser leasing back the property at a rate favorable to the buyer of the real estate.
Please inquire with the brokers for more detail.
Seller Financing Available.
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. It also has numerous industrial fans and the main section of the warehouse and office space are under AC. There is parking at the front of the building as well. The building is 100% sprinklered.
The property is also located in a Qualified Opportunity Zone.
The property is currently occupied by a successful movie, tv, event, and advertisement prop business netting approximately $1.1 million/year. This business is for sale and the real estate can be sold contingent on the business purchaser leasing back the property at a rate favorable to the buyer of the real estate.
Please inquire with the brokers for more detail.
Seller Financing Available.
PROPERTY FACTS
| Price | $9,000,000 | No. Stories | 1 |
| Price Per SF | $305.34 | Year Built | 1961 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 1.48 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 29,475 SF | Opportunity Zone |
Yes
|
| Zoning | IU-1 - INDUSTRIAL | ||
| Price | $9,000,000 |
| Price Per SF | $305.34 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.48 AC |
| Rentable Building Area | 29,475 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Tenancy | Single |
| Parking Ratio | 0.68/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | IU-1 - INDUSTRIAL |
AMENITIES
- Fenced Lot
UTILITIES
- Lighting - Sodium
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 30-3111-033-0033 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,623,263 |
PROPERTY TAXES
Parcel Number
30-3111-033-0033
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,623,263
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West Little River Warehouse | 1240 NW 74th St
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