2125 NW 20th St

2125 NW 20th St

PRICE

6,950,000

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 56,715 SF 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.

Details

Property Use:
Investment
Property Type:
Retail
Status:
For Sale
Building Size:
17,438 SF
Building Class:
C
Oportunity Zone:
Year Built:
1979
No. Of Units
Property Subtype:
LOT SIZE:
0.68 AC
Parkin Ratio:
20 spaces
Price Per Unit:

Gallery

BROKERS

Name:

Carlos Fausto Miranda

Email:

cfm@faustocommercial.com

Phone:

305-431-2258