2494 Nw 20th St, Miami, FL 33142

$1,700,000
List Price
$1,700,000
MLS#
A11002021
Status
ACTIVE
Type
Commercial

Property Description

20 st Corner Strip Center, Fully Leased Out at below market rents with mo-to-mo tenancy. Significant upside on rents, up to $16psf nnn. Underlying zoning is T-6-8-O, permitting for mixed use 150 units per acre, retail, office, hotel, etc, up to 8 stories. Area has several nearby developments going vertical, as the scarcity of attainable housing in miami only grows. This site is a covered land play, with great income in place, and a path to development due to favorable zoning and market conditions in the future.

Additional Information

Days on Market
24
Tax Amount
$22,230
Parcel Number
01-31-34-030-0230
Lot Size
20,188
Address
2494 Nw 20th St, Miami
Year Built
1969
Section
34
Special Information
Sale

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Calculator source: Real Geeks

Listing courtesy of Fausto Commercial Realty Consultants Inc.