7020 72nd Ave Miami, FL 33166-2930

Property Details for 7020 72nd Ave

Year built

1969

Construction

CONCRETE

Lot size

2.10 lot acres

Property size

19,955 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Bars

APN

30-3014-010-0500

APU

3030140100500

Description

This exceptional Miami industrial property, located at 7020 NW 72nd Ave, offers 25,000 square feet of rentable space within a 2-story, 1969-built warehouse, renovated in 2017. The building sits on a 2.1-acre lot (91,655 sq ft) and boasts a 24-foot ceiling height, four loading docks, and approximately 160 parking spaces. Currently configured as a nightclub with a kitchen, four bars, and a 30-space garage, the property includes a valuable liquor license. A long-term, annually renewable billboard lease provides additional income potential. The IU-1 zoning allows for a wide range of uses, including adult entertainment, office space, restaurants, retail, and more. The property enjoys excellent visibility from NW 72nd Ave (approx. 31,500 vehicles per day) and proximity to major thoroughfares like the Palmetto Expressway (approx. 241,000 vehicles per day), Dolphin Expressway, Turnpike, and I-95, as well as Miami International Airport. The asking price is $9,300,000, representing a price per square foot of $372. The land value is $101.46 per square foot. The property is currently 100% occupied, with the occupancy date expiring October 4, 2024. A 40-year recertification was completed in 2019. The building features concrete block construction with reinforced concrete tie-beams and tie-columns, reinforced concrete spread footings, and a flat roof supported by reinforced concrete double tees.

Location Insight

City

Miami

County

Miami-dade

State

Florida

Longitude

-80.3146

Latitude

25.8376

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments