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    3141 40Th St Miami, FL 33142

    For Sale
    $4,500,000

    14,000 SF Warehouse, Prime Allapattah Location

    Property size:
    13,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional owner-user or investment opportunity presents a 13,875-square-foot, two-unit industrial warehouse in Miami's Allapattah neighborhood. Built in 1971 and renovated in 2021, this Class C property boasts 22-foot ceilings, three grade-level dock-high doors, and concrete block construction. Situated on a 16,826-square-foot lot zoned IU-1, the building offers ample storage and efficient loading/unloading capabilities. Its prime location provides easy access to major thoroughfares, including the SR 112 Expressway (with over 100,000 vehicles daily), and is conveniently located near Miami International Airport and within a 15-minute drive of Brickell, Downtown Miami, Wynwood, the Seaport, and Coral Gables. The asking price is $4,500,000 ($324.32/sq ft, $2,250,000/unit). This well-maintained property is ready for immediate occupancy and presents a strong investment opportunity due to its location and features. The property's excellent condition minimizes the need for immediate repairs or renovations. The high visibility from the SR 112 Expressway provides significant marketing advantages. This is a rare opportunity to acquire a functional and strategically located industrial property in a thriving Miami market.

    Property Features for 3141 40Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    13,875 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1971/2021
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • $4,500,000 asking price for a 14,000 SF free‑standing warehouse in West Allapattah, Miami, FL.
    • Features 20‑22' high ceilings, three oversized grade‑level loading doors, and concrete block construction. Excellent condition.
    • Prime Allapattah location, minutes from Miami International Airport and major areas like Brickell and Wynwood.
    • High visibility on SR 112 Expressway, a major thoroughfare with over 100,000 vehicles daily.
    • Owner‑user or investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ANTIQUES & DESIGN, INC. Interior Designer Taller Matias Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2470724
    Latitude
    25.811907

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    FAQs

    What type of property is this?
    Distribution property - 14,000 SF Warehouse, Prime Allapattah Location
    Where is this distribution property located?
    The property is located at 3141 40Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4,500,000 asking price for a 14,000 SF free-standing warehouse in West Allapattah, Miami, FL.; Features 20-22' high ceilings, three oversized grade-level loading doors, and concrete block construction. Excellent condition.; Prime Allapattah location, minutes from Miami International Airport and major areas like Brickell and Wynwood.
    Request Owner's contact information
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    Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3141 40Th St Miami, FL 33142
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