$6,950,000
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2125 NW 20th St Miami, FL 33142
35,361 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 35,361 sqft
Price per Sqft $196
MLS Listing ID A11173359
Sold Date 09/30/22
HOA Y/N No
Year Built 1979
Annual Tax Amount $47,159
Lot Size 1.297 Acres
Property Sub-Type Retail
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.
Location
State FL
County Miami-dade County
Area 31
Exterior
Private Pool Yes
Others
Tax ID 01-31-27-101-0010
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc