Earth is moving. Dirt is flying. Cranes hoist concrete walls for tilt-up construction. These events are something we have not seen in a few years, but are certainly good signs for both the Miami industrial real estate market and the local economy as a whole. For several years, the sale and development of industrial land in Miami, South Florida has been almost non-existent. The main reasons were due to the poor economy; lenders resistance to finance vacant land for owner-users and investor’s fear that constructed projects would not lease up. However, in late 2011 several institutional developers acquired vacant industrially-zoned to commence speculative construction of warehouse space. For a description of these projects, please visit our year-end 2011 Miami Industrial Market Report. >>>
Now that warehouse construction has commenced once again, ComReal’s Industrial Team predicts that land values will begin to steadily increase over the next few years. One must keep in mind that South Florida has a limited supply of industrial land. This is because we are surrounded by ocean and the Florida Everglades.
ComReal represents a prime industrial site located at the southwest intersection of the Palmetto Expressway and Northwest 74th Street in Airport West Dade. The exact address is 7290 NW 77th Court, Miami, FL (click for map). The site measures about 7.95 acres in size. It is ideal for the construction of warehouse buildings. The property is in unincorporated Miami-Dade County; there is no municipality to deal with. It has the most liberal, heavy zoning which is IU-3. According to the County, the property meets all levels of concurrency. Public water and sewer is nearby. Minimal land fill is needed. The exposure to southbound traffic on the Palmetto Expressway (SR826) is superb with over 200,000 cars per day. If you are interested, please contact us for more details and pricing. You may also click here for an aerial photo and property brochure for this Miami industrial land for sale >>>
In addition, ComReal also has a 1/2 acre industrial site for lease in Doral. It is ideal for outside storage and/or parking. It is located on Northwest 15th Street and 89th Avenue. Click here for Miami industrial land for lease >>>