Douglas Elliman Real Estate, as exclusive listing agent, is pleased to offer this 4 Bay Miami, FL, D1-Zoned Industrial Warehouse with 18’ ceilings.

For Sale and Lease across from Magic City Innovation District and Opportunity Zone.​

Average $P/SF sales were at $373/SF and this offering is listed at $340/SF.​

This property is functional for an end-user/owner-operator, investor seeking income from a lease-up, a complete redevelopment or a value-add play by adding square footage to the existing improvements.​

See attached Offering Memorandum for comps, options and details.​

Also available for lease: Asking $25/SF NNN.

Magic City Innovation District® – Little Haiti will be a mixed-use master plan designed as a walkable campus that will consist of retail, office, residential, hotel, art, park and other public spaces.​

The Magic City Innovation District, as a part of gentrifying Little Haiti, is located just west of the Brightline/Virgin Trains line & Miami’s Upper East Side, north of the Design District, Midtown and Wynwood.

And within 10 to 15 minutes of Miami International Airport and the Beaches with NE 61/62nd Street as its primary East/West traffic corridor.​

Highlights

• ​4 Bay Warehouse Zoned D1 for lease up or redevelopment
• ​Redevelop and build up to 80,000 buildable SF up to 8 stories
• ​6% Cap Rate proforma based upon a lease up at $20/SF NNN
• Perfect for End-User/Owner for entire building
• ​Value Add Play: Add 2nd or 3rd level to existing industrial improvements for additional income. Up to 10 work/live units possible
• Lease up for Income
• Opportunity Zone

For more! click here