W 21st. STREET INDUSTRIAL

Description:

RE/MAX 360 proudly presents a prime redevelopment opportunity along the West Hialeah TOD: "W 21st. STREET INDUSTRIAL"

 

This offering includes two lots (371 W 21st St & 355 West 21st Street, Hialeah, FL 33010) on W 21st, totaling approximately 0.30 acres or around 13,068 square feet. The property features two individual flex space properties that are NOT contiguous. Each warehouse is approximately 5014 square feet totaling 10,028 square feet. Both properties are owner-occupied.

Hialeah and the adjacent Medley are key industrial hubs in Miami, notable for their substantial inventory and connectivity. Most industrial properties are concentrated in the southeastern region near Interstate 95, offering Hialeah's industrial tenants easy access to the wider South Florida area. Sales volume has tapered off since 2023, following a historic surge. In the past 12 months, transaction activity has amounted to $96.1 million, down from the peak annual volume of over $234 million in 2021 and below the five-year average annual volume of $151 million. Moreover, a reduced industrial cap rate averaging 5.6% in the last year, compared to 6.0% four quarters ago, has contributed to rising prices since 2019.




LOCATION HIGHLIGHTS:


*Along W 21 Street


*Directly along the metro rail


*2,5 miles from Miami International Airport


*M-1 Zoning

SITE DETAIL


*Land Size: 30 Acre FLEX whse. +- 10,028 feet Zoning: M-1


*Parcel ID:


04-3107-010-0031


04-3107-010-0032


Asking $2,700,000.00




PROPOSED PROPERTY HIGHLIGHTS:



*0.30 Acre w +/- (2) structures


* 10,028 FLEX space


* Approximately 30,000 cars daily

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