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

Carlos Fausto Miranda

cfm@faustocommercial.com

305-431-2258