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Little River Assemblage

9 Properties Offered at £7,059,690 in Miami, FL

Investment Highlights

  • Qualified Opportunity Zone
  • D2 light industrial zoning designation allows for 8 stories (non residential) & 90% lot coverage
  • Site configuration provides for adaptive re-use creative campus
  • Location benefits from Live Local Act/SB 102
  • Optimal last mile location
  • Situated in geographical center of the emerging Little River Business District

Executive Summary

Central Commercial Real Estate, as exclusive representative, is pleased to present the opportunity to acquire an industrial assemblage in Miami's Little River Business District. The property encompasses seven warehouses across nine contiguous parcels. This value add opportunity consists of +/- 40,974 SF of combined building on +/-61,000 SF of land, and inclusive of the vacant 10,500 SF lot on the SE corner of NE 74th Street & Miami Court. Free of encumbering leases, the property presents both investor and end user with the opportunity to reposition the property in the near term. Driveways separate each building providing both maximum functionality and configuration options for an adaptive re-use project. All buildings have multiple means of egress. The D-2 light industrial zoning designation provides for an 8-floor building (non-residential) by right and 90% lot coverage. This site is in a qualified Opportunity Zone and conforms to the updated Live Local Act requirements.
The Little River Business District is strategically located between the I-95 & US-1 corridors. The area continues to benefit from a healthy adaptive re-use movement, an increasingly resilient tenant mix and proximity to other revitalized markets. The Little River Business District has a unique identity and geography, while playing an integral part of a broad reimagining of Miami’s original industrial neighborhoods that include Little Haiti, the Design District, Wynwood and Allapattah.

Property Facts

Price £7,059,690
Price / SF £172.31 / SF
Sale Type Investment
Status Active
Number of Properties 9
Individually For Sale 0
Total Building Size 40,970 SF
Total Land Area 1.71 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
The Little River Press Inc.
55-65 NE 73rd St, Miami, FL 33138
Industrial 7,950 SF 1956 -
98 NE 74th St, Miami, FL 33138 Industrial 3,972 SF 1975 -
74 NE 74th St, Miami, FL 33138 Industrial 3,988 SF 1951 -
80-90 NE 74th St, Miami, FL 33138 Industrial 7,980 SF 1952 -
7301 NE Miami Ct, Miami, FL 33138 Industrial 4,362 SF 1952 -
75 NE 73rd St, Miami, FL 33138 Industrial 8,306 SF 1955 -
95 NE 73rd St, Miami, FL 33138 Industrial 4,412 SF 1950 -
7371 NE Miami Ct, Miami, FL 33138 Land 0.09 AC - -
64 NE 74 St, Miami, FL 33138 Land 0.37 AC - -
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  • Listing ID: 31361767

  • Date on Market: 29/03/2024

  • Last Updated:

  • Address: Little River Assemblage, Miami, FL

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