Spanish Broadcasting System

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 (now entertaining offers from qualified buyers)

• ​

  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.​

• ​

  Opportunity Zone Designation

• ​

  Palmetto Expressway (SR 826) - frontage - 267,000 cars daily

• ​

  Four (4) buildings all inter-connected w/ one 2 story structure, main offices, 2 studios, Flex space, all under 100% HVAC

• ​

  The north site has potential for future development (covenant running with the land in lieu of unity of title)

• ​

  IU – 1, Miami-Dade County

• ​

  Existing - State-of-the-art corporate offices & studios (Television, Radio, Digital)

• ​

  Covered Land Play