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    790 22Nd St Miami, FL 33127

    For Sale
    $4,600,000

    30,100 SF, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 30,100 square foot industrial land assemblage in Miami's rapidly developing East Allapattah neighborhood presents a compelling investment opportunity. Located at 790 NW 22nd St, Miami, FL 33127, this property boasts a permitted zoning of 7700 INDUSTRIAL - RESTRICTED, allowing for the construction of an eight-story building. The zoning permits a versatile mix of uses, including storage, industrial, retail, and automotive, providing immediate income potential and long-term land-banking prospects. The site's strategic location offers unparalleled access to major areas such as Wynwood, Brickell, Downtown Miami, the airport, the seaport, and Coral Gables, all within a 10-minute radius. This area is experiencing significant revitalization, attracting new developers and businesses, and is often referred to as "the next Wynwood." The presence of several recently opened museums, including notable collections like the Rubell Collection and Superblue, further underscores the area's burgeoning cultural and artistic scene. The asking price is $4,600,000, with a land value of $150-$153 per square foot. This property represents a rare chance to capitalize on the transformative growth of this vibrant Miami neighborhood. Built in 1937, this site offers a unique blend of historical context and future potential.

    Property Features for 790 22Nd St

    General Information

    Property type
    Industrial properties

    Building Details

    Year Built
    1937

    HighLights

    • $4,600,000 asking price.
    • 30,100 square foot industrial assemblage in Miami, FL.
    • Located at 790 NW 22nd St, Miami, FL 33127.
    • 1937 construction.
    • 7700 INDUSTRIAL - RESTRICTED zoning, allowing for up to 8 stories with mixed uses (storage, industrial, retail, auto).
    • Land value: $150-$153/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ignite Party Yacht ... Boat Rental Service KDR Art Gallery aRtnB II Arts Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2090185
    Latitude
    25.7977796

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    FAQs

    What type of property is this?
    Industrial property - 30,100 SF, High-Density Potential
    Where is this industrial property located?
    The property is located at 790 22Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: $4,600,000 asking price.; 30,100 square foot industrial assemblage in Miami, FL.; Located at 790 NW 22nd St, Miami, FL 33127.
    (786) 499-4912
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    790 22Nd St Miami, FL 33127
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    Miami, FL 33127
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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
    790 22Nd St Miami, FL 33127
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