Little River Industrial Assemblage For Sale

Highlights:

• Well Suited For Adaptive Re-use Development
• +/- 40,974 SF Combined Building
• +/- 61,000 SF / 1.4 Acre Site
• Inclusive of 10,500 SF Unimproved Lot
• Property Is Served By Multiple Utility Meters
• 7 Grade Level Loading Doors
• 3 Phase Power
• Qualified Opportunity Zone
• Zoned D2 Industrial

Description:

Central Commercial Real Estate, as exclusive representative, is pleased to present the opportunity to acquire an industrial assemblage in Miami's Little River Business District. The property encompasses seven warehouses across nine contiguous parcels. This value add opportunity consists of +/- 40,974 SF of combined building on +/-61,000 SF of land, and inclusive of the vacant 10,500 SF lot on the SE corner of NE 74th Street & Miami Court. Free of encumbering leases, the property presents both investor and end user with the opportunity to reposition the property in the near term. Driveways separate each building providing both maximum functionality and configuration options for an adaptive re-use project. All buildings have multiple means of egress. The D-2 light industrial zoning designation provides for an 8-floor building (non-residential) by right and 90% lot coverage. This site is in a qualified Opportunity Zone and conforms to the updated Live Local Act requirements.

The Little River Business District is strategically located between the I-95 & US-1 corridors.​ The area continues to benefit from a healthy adaptive re-use movement, an increasingly resilient tenant mix and proximity to other revitalized markets.​ The Little River Business District has a unique identity and geography, while playing an integral part of a broad reimagining of Miami’s original industrial neighborhoods that include Little Haiti, the Design District, Wynwood and Allapattah.​

Central Commercial Real Estate, as exclusive representative, is pleased to present the opportunity to acquire an industrial assemblage in Miami's Little River Business District. The property encompasses seven warehouses across nine contiguous parcels. This value add opportunity consists of +/- 40,974 SF of combined building on +/-61,000 SF of land, and inclusive of the vacant 10,500 SF lot on the SE corner of NE 74th Street & Miami Court. Free of encumbering leases, the property presents both investor and end user with the opportunity to reposition the property in the near term. Driveways separate each building providing both maximum functionality and configuration options for an adaptive re-use project. All buildings have multiple means of egress. The D-2 light industrial zoning designation provides for an 8-floor building (non-residential) by right and 90% lot coverage. This site is in a qualified Opportunity Zone and conforms to the updated Live Local Act requirements.

3 phase

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