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501 Live Oak St
Miami, AZ 85539

Santa Ana Building · Industrial Property For Sale

Investment Highlights

  • Multi-tenant
  • Miami NEEDS grocery store: "perfect in this building" - Economic Development Director for Miami
  • Town of Miami APPROVED these site(s) for processing, grow & retail of agricultural marijuana.
  • PRICED at $15/SF! Comps are selling $45-150/SF
  • Open plan on every floor (maple floors & exposed brick)
  • Portfolio to 5 neighboring parcels on Live Oak St (aka Hwy 60)

PROPERTY FACTS

Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Office
  • Industrial Service
  • FlexLight Distribution
Building Class C
Lot Size 0.28 AC
Rentable Building Area 33,000 SF
No. Stories 4
Year Built/Renovated 1915/2015
Parking Ratio 1.82/1,000 SF
No. Dock-High Doors/Loading 2

Amenities

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

About 501 Live Oak St , Miami, AZ 85539

Exceptional Investment Opportunity: This multi-tenant building encompasses about 40,000 SF of interior space in Miami, Arizona, located at 501 Live Oak, historically known as The Santa Ana Building. Owner has surrounding parcels able to be included in a sale. This presents a remarkable opportunity, especially suitable for educational institutions, particularly those focusing on mining education, catering to the needs of mining students and international mining companies consistently searching for better educated talent as the mining trade continues to advance as populations rise and technological advances. Additional proposed uses include a grocery store in one of the retail suites on the building’s main level—“a much-needed amenity in the Miami area,” - Miami’s Economic Development Director. Previously, The Town of Miami has certified that these properties (601, 605, 523, 511, and 501 Live Oak) are eligible for the processing, growth, and retail of agricultural marijuana, in accordance with local codes and regulations. The property is set to receive numerous upgrades: new ceiling tiles, installation of six air conditioning units, a 3-phase transformer, and stylish new glass door fronts. Furthermore, office spaces will be enhanced with elegant glass partitions, all intended to be included with the property sale. Investors can rest assured as the property has been thoroughly tested and cleared of asbestos, ensuring a safe and compliant environment. This offers a unique blend of commercial potential and educational synergy, making it an attractive investment in the heart of Miami, Arizona.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
206-19-072
Land Assessment
$1,019
Improvements Assessment
$92,818
Total Assessment
$93,837

zoning

Zoning Code C-2 (Approved site(s) for growing & dispensing cannabis. See attached Letter of Approval from Town of Miami.)
C-2 (Approved site(s) for growing & dispensing cannabis. See attached Letter of Approval from Town of Miami.)
  • Listing ID: 29842507

  • Date on Market: 10/20/2023

  • Last Updated:

  • Address: 501 Live Oak St, Miami, AZ 85539

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