Property Lookup
2175 NW 26Th Ave Miami, FL 33142
- Warehouses
- 9,800 SF
- 0.34 lot acres
Current Use by Public Records
- City electric supply East Miami airport / Building Supply / Electrical Service
Property Details for 2175 NW 26Th Ave
- Year built
- 1969
- Construction
- CONCRETE
- Lot size
- 0.34 lot acres
- Property size
- 9,800 SF
- Zone code
- 7700:INDUSTRIAL,RESTRICT
- Property type
- Warehouses
- APN
- 01-3127-049-0650
- APU
- 131270490650
Description
This 9,800 sq ft warehouse in Miami's Allapattah neighborhood presents a compelling value-add investment opportunity. The property, built in 1969, sits on a 14,813 sq ft lot and features a single-story building with 16-foot ceilings, one loading dock, and one dock-high door. Currently, it's 65% occupied by two tenants under a triple net (NNN) lease with a credit-rated national tenant, expiring April 18, 2026. The current NOI is $102,000, with a pro-forma NOI of $190,000, reflecting significant upside potential. The lease includes 3% annual rent bumps and one lease option. Approximately 3,500 square feet is currently vacant and available for immediate occupancy. This versatile space is ideal for owner-users or investors seeking to capitalize on Allapattah's burgeoning market and strong rental demand. The property's prime location offers easy access to major transportation routes and is situated in a rapidly developing area of Miami. This is a rare chance to acquire a well-located industrial asset with significant potential for increased profitability. The asking price is $3,000,000.
Value Estimations
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,320,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2385
- Latitude
- 25.7967
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA