7711 74th Ave, Medley, FL 33166-7501
- Warehouses
- 6,307 SF
- 0.76 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 7711 74th Ave
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 0.76 lot acres
- Zone code
- 7100:INDUSTRIAL,LIGHT MFG
- Property type
- Warehouses
- APN
- 22-3011-002-0725
- APU
- 2230110020725
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 25, 2017 | $1,000,000 | 7711 Properties LLC | Edmil Investments Corp | Warranty Deed | $500k · Continental National Bank |
| — | — | Edmil Investments Corp | — | Deed Of Trust · related | $600k · Bankunited Fsb |
| — | — | Edmil Investments Corp | — | Deed Of Trust · related | $681k · City Nat'l Bk/fl |
Description
This exceptional 6,307-square-foot industrial property, situated on a 0.76-acre lot in Medley, Florida, presents a compelling investment or owner-user opportunity. Built in 2003, the building features a robust twin T concrete roof and boasts a generous 20-foot clear ceiling height, providing ample space for various industrial operations. The property's strategic location in the heart of Medley offers excellent accessibility and visibility. Four 14x12-foot street-level doors facilitate efficient loading and unloading, while the three-phase electrical service ensures sufficient power for demanding industrial applications. The expansive 33,000-square-foot lot provides ample room for maneuvering and potential expansion. This versatile property is ideally suited for a range of industrial uses and offers significant potential for subdivision into four separate bays, catering to diverse business needs or allowing for phased occupancy and future expansion. The asking price is $3,000,000. This represents a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market. The property's size, features, and location make it an attractive option for both end-users and investors seeking a strong return on investment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,715,000
- 6.5%
- $1,585,000
- 7%
- $1,470,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,755,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,795,000 Change: +2% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Medley
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3187
- Latitude
- 25.8436
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
