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Established Industrial Building In Miami For Sale

Miami, Florida, US
Asking Price:
$9,850,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Public records reflect this two-story, free-standing building to be 19,955 sf.

However, the recorded size includes retail space that does not include a mezzanine level, a full kitchen, other ancillary interior spaces, and a very large interior space accessible by exterior garage doors for loading/unloading, each and all of which are excluded in the recorded square footage of the retail space. The actual square footage is approximately 30,000 sf of usable space (apo). This property is zoned IU-1, with special zoned use for adult entertainment. A SOB license is not required. It is currently operating as an adult nightclub.

The building was constructed in 1969 and recently underwent a full renovation in 2017/2018. The building contains 28 interior garage parking spaces, and 81 outside parking spaces. The 40-year inspection has been completed. This corner lot contains 91,655 sf of real estate included in the sale. A small cutout parcel by separate deed contains a billboard with a current, performing, annual lease generating just above $17,000 in rent, and made available for purchase to any party purchasing the listed property.

This property is owner occupied. There are no leases in place for the building or real estate with the exception of the cutout parcel for the billboard. This property is located in unincorporated Miami-Dade County and is in good standing with no issues or open permits allowing for a clean closing. The preferred closing date is no sooner than April 15, 2024, and seller will remove much of the FF&E prior to closing. This property has zoned special use as a nightclub and it is currently operating as such. The seller will remove much of the FF&E prior to closing.

Note: This location is currently operating a business. Please note a 24-hour notice is necessary for showing. Please do not visit this location during business hours and disclose its status as for sale with any employees or patrons. Thank you for your discretion.

Property Information

Real Estate:

Real Property Included

Location:

Doral Industrial Park

Premises Details:

Built in 1969, full renovation 2017/2018, 40 year inspection has been completed. The clear hieght is 26', approximately 5,000 sf indoor garage containing parking for 28 cars, additional 81 spaces in outdoor parking lot, full kitchen, mezzanine level with office space. Located on a corner lot containing 91,655 sf of real estate which is included in the sale.

Size in square feet:
91,655

Business Operation

Reasons for selling:

Consolidating portfolio

Years established:
1969