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Miami, Arizona

Miami, Arizona

Asking Price: $820,000

Type: Processing, Cultivation, Retail Eligible

Size: 39,635 sqft.

- Full description below -
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Miami, Arizona

 

🌟 Investment Highlights 🌟

🏢 Town of Miami Approved Cannabis Portfolio!

  • Approval: Town of Miami has given the green light for processing, growing, and retail of agricultural marijuana.
  • Strategic Location: 5 neighboring buildings on Live Oak St (Hwy 60), offering prime visibility.

💰 Priced to Impress!

  • Pricing: An attractive $15/SF, a remarkable deal compared to comps selling at $45-150/SF.
  • Open Plan: Every floor boasts an open plan featuring maple floors and exposed brick.

📑 Executive Summary

  • Portfolio Sale: Offering a portfolio of 5 buildings at $820,000 with a total land area of approximately 2 acres on Hwy 60.
  • Future Expansion: 3 buildings to be taken down to slab, creating space for additional parking.
  • Upgrades Included: New ceiling tiles, A/C units, 3 Phase Transformer, glass door fronts, and office partitions included.
  • Asbestos Cleared: Property has been tested and cleared for asbestos.

🏢 Property Overview

  • Price: $820,000
  • Rentable Building Area: 39,635 SF
  • Price Per SF: $21
  • No. Stories: 4
  • Sale Type: Investment or Owner User
  • Year Built/Renovated: 1915/2015
  • Tenancy: Single
  • Property Type: Industrial
  • Parking Ratio: 0.25/1,000 SF
  • Property Subtype: Warehouse
  • Building Class: C
  • Opportunity Zone: Yes
  • Lot Size: 2.00 AC

🌐 Amenities

  • Atrium
  • Conferencing Facility
  • Front Loading
  • Raised Floor
  • Signage
  • Shallow Bay
  • Reception
  • Roof Terrace
  • Storage Space
  • Fluorescent Lighting
  • Air Conditioning

🏡 About This Property

  • Portfolio Sale: Nearly a full acre of interior square footage, part of the portfolio sale.
  • Certification: Town of Miami has certified the suitability for processing, growing, and retail of agricultural marijuana.
  • Upgrades Included: Significant upgrades planned, offering modern amenities.
  • Asbestos Cleared: Property has been tested and cleared for asbestos, ensuring a clean and safe environment.

Offered exclusively by Licensed Agent/Broker

Listing # 1035

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