Spanish Broadcasting System and MEGA TV - HQ 7007 NW 77th Ave

The property at 7007 NW 77th Avenue, Miami, FL 33166 presents a unique and valuable opportunity for investors or businesses looking to expand in one of the hottest commercial markets in the nation. The site is located in the Miami Dade County Airport West submarket.
Here’s an overview of the key features and potential of this asset:
Key Property Highlights:
Sale Price: $24,800,000
Total Land Size: 5.37 acres (includes 3.63 acres with the building, and 1.74 acres of developable land on an adjacent parcel)
Building Size: 67,382 SF, fully air-conditioned (under HVAC)
Zoning: IU-1 - Industrial, light manufacturing (Miami-Dade County)
Current Occupant: 100% owner-occupied by Spanish Broadcasting System (SBS Miami) and MEGA TV Broadcast Center
Location: Prime area with easy access to major highways and proximity to Miami International Airport (MIA) and the City of Doral
Signage: Exceptional visibility with over 275,000 cars passing daily along the Palmetto Expressway (SR 826)
Strategic Location:
Palmetto Expressway Frontage: The property boasts a highly visible location along SR 826, the primary north-south highway in western Miami-Dade County, with a daily car count of approximately 275,000.
Close Proximity to Miami International Airport (MIA): Only minutes away from one of the busiest airports in the country, providing excellent connectivity for businesses with international or regional needs.
Easy Access to Major Highways: Accessible via the Palmetto Expressway (SR 826) , with major exits on NW 74th and NW 58th Streets.
Flexibility and Development Potential:
Zoning: The IU-1 industrial zoning offers a broad range of uses, including automotive services, boat/yacht marine sales, healthcare facilities, private clubs, breweries, manufacturing, and more. It also accommodates office buildings, schools, and other commercial activities.
Developable Land: In addition to the existing building, the site includes 1.74 acres of extra land for future development or expansion, providing added value for long-term growth.
Qualified Opportunity Zone (QOZ): Located within a designated QOZ, the property offers potential tax incentives and benefits to investors, making it an attractive option for those seeking to leverage federal economic development programs.
Accessibility and Transportation:
Public Transportation: The property is located near the Palmetto Metro-Rail Station, less than half a mile away, providing convenient access to Miami-Dade County's transit system, including connections to Miami International Airport (MIA) and the Miami CBD.
Major Highways: The site is easily reachable from the Palmetto Expressway and the Florida Turnpike, making it accessible for businesses and customers throughout the region.
Investment and Business Opportunities:
Prime Location for Visibility and Traffic: With high traffic along SR 826 and close proximity to Miami International Airport and the City of Doral, the property benefits from exceptional exposure and accessibility.
Ideal for Multiple Business Types: The existing zoning allows for a wide range of uses, making it an ideal location for a variety of industries, from broadcasting and media companies (as is the current use) to manufacturing, logistics, automotive services, wholesalers, and more.
Strong Investment Potential: The combination of a large, well-maintained building, prime location, and developable land presents a strong potential for long-term value appreciation. Miami Dade County has a limited amount of developable land.
Additional Considerations:
1031 Exchange Opportunity: This property presents an excellent option for a 1031 exchange, allowing investors to defer capital gains taxes on the sale of other properties while acquiring a high-value asset in Miami-Dade County.
This property is a rare offering in a highly desirable location, providing a solid foundation for any business or investor looking to capitalize on Miami's thriving commercial real estate market.