Warehouse – 30,000 SF in Miami, FL – Zoning for 36 Residential Units or 72 Hotel Keys

Category: Warehouse / Distribution

Price:$14,200,000

Location: Miami, FL

Year Built: 1945

Days on Market: 47

Description:

The property is located at 2640 SW 28th Lane, which is geographically located at the entrance of Coconut Grove adjacent to where the Underline is running. The property currently operates as warehouses, totaling more than 30,000 SF with 4 bays ranging from 7,500 SF -8,000 SF. Furthermore with the current zoning (D1). By right, you can build 36 residential units or 72 hotel keys and can go 8 stories with the ability to build up to 220,000 SF of maximum built area. The property qualifies for the Live Local Act as well as RTZ zoning. For more info please reach out to the listing agent.

The property has 3 of 4 bays rented generating approx. $600,000 in NOI annually (re-assessed taxes & expenses taken into account for new owner).

Listing Code: 1079314200