USD 6,950,000

2125 NW 20th St
Miami, Florida 33142

For Sale

Property Description

Seventeen Unit Retail Assemblage with potential for 195 unit Mixed Use Development. Site is on NW 20 st, The neighborhood’s Main Street. The property is a 35,361 sf of building on a 56,715sf assemblage. Current rents yield $407,055 gross. Allapattah is one of urban-core Miami’s quickest transitioning neighborhoods. Due to its proximity to Wynwood, Brickell, Downtown and strong local employment base, the area is seeing rapid re-development, with new investors and projects quickly coming in. Underlying land is T-6-8-O and D1, with pathway to consolidate as T68O, allowing for mixed-use development of up to 195 residential units with retail, office, or hotel uses permissible. This zoning allows for the site to be a great retail income earner today, and great development play in the future.

Listed by Fausto Commercial Realty Consultants Inc

Property Details

ID #
A11173359
Status
Sale
Type
Commercial, Industrial
Zip Code
33142
Year Built
1979
Occupancy
Tenant Occupied
Type of Building
Shopping Center, Store/Warehouse Combination
Utilities
Internet
Zoning Information
6100
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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