Perfect Owner-User/Investor Opportunity: Multi-Tenant Warehouse with Income-Generating Cash Flow

Conveniently located in Miami, FL, this thriving area offers easy access to major transportation routes and a robust industrial and distribution sector.. The subject property is zoned ID, Industrial District, (Center Sub-District) and is located within the PECUC, Perrine Community Urban Center, Miami-Dade County, Florida. The uses allowed in this area include all uses within the IU-1 and IU-2 districts, which include most industrial uses. Uses in the MO (Mixed Use Optional) District are also allowed. With its close proximity to key points of interest and a strong commercial presence, the property presents an exceptional opportunity for industrial, warehouse, or distribution investors looking to capitalize on the dynamic South Florida market.Uncover the potential of this prime industrial property in South Florida. Boasting a 17,734 SF building with 5 units, this multi-tenant warehouse presents a compelling investment opportunity. Constructed in 1983 and zoned for industrial use, the property enjoys full occupancy and offers a Pro-Forma CAP Rate of 7.98%. Featuring a diverse range of tenants including a restaurant and auto repair shops, the building's adaptable layout and 16-20' ceiling height add to its appeal. With 100% month-to-month occupancy and a strategic location, this property is positioned for a strong income-generating potential. Don't miss the chance to take advantage of this unique industrial investment in the high-demand South Florida market. The property sale includes a leased billboard. This is a perfect investment opportunity, as the building is currently occupied by a body shop, auto mechanic, and restaurant. All tenants are paying below market rates, and their leases expire in mid-2024. Selling for less than construction cost. 40 year recertification in progress.