Warehouse – 19,880 Square Feet in Miami, FL – Prime Redevelopment Opportunity
Commercial Sale
Category: Warehouse / Distribution
Price:$4,850,000
Location: Miami, FL
Year Built: 1947
Days on Market: 57
Description:
Prime redevelopment opportunity at 1031 NW 21st St - a strategically located warehouse in Allapattah amid a surge of institutional and private investment. The neighborhood is experiencing substantial mixed-use and workforce housing activity driven by the Live Local Act; recent multistory residential and mixed-use entitlements and large refinancing transactions demonstrate strong demand. Ideal for an owner-user, conversion to residential or a higher-density Live Local redevelopment, or a value-add repositioning play. Close to transit corridors and major development nodes - rare land play. Recent activity - Live Local entitlements, refinancing and institutional interest for workforce sites - are driving land values higher and widening exit options.
Allapattah warehouse - Live Local redevelopment potential; booming mixed-use projects and strong institutional demand now.
Listing Code: 1131276055