7640 36th Ave Miami, FL 33147-4402

This 26,304 sq ft Class B warehouse in Miami, FL, offers significant value-add potential. Located on a 0.8-acre lot, the property features three units, 16-foot ceilings, and is currently 100% occupied with below-market rents. Built in 1959 and renovated in 1999, the property benefits from a highly accommodating NCUAD zoning designation, allowing for a variety of commercial and industrial uses. Approximately 50% of the lease roll can be vacated by March 1, 2026, providing opportunities for owner-occupancy or lease rate increases to market value (~$17/SF). The property enjoys excellent access to major transportation arteries, including the Hialeah Expressway, Palmetto Expressway, I-95, and Miami International Airport. The asking price is $5,100,000. Access to one bay is via NW 76th St, with a lease on that lot extending to 2042, including two 30-year renewal options. A cell tower on the property can be relocated to facilitate redevelopment. This presents a compelling opportunity for investors seeking immediate revenue growth and long-term appreciation. The property's location in Miami's industrial core, combined with its flexible zoning and below-market rents, makes it an exceptional investment opportunity. The warehouse and adjacent land must be purchased together.