2494 NW 20th St, Miami FL 33142

Description

Seven Bay Retail Strip in Developing Allapattah. Site is on nw 20 st,t he neighborhood’s Main Street. The property is a 11,537 sf building on a 20,200sf corner lot. Owner is currently completely renovating the building and will deliver in pristine condition with entirely re-done facade, windows, etc. Pro-forma rents are at $210,000/year. Allapattah is one of urban-core Miami’s quickest transitioning neighborhoods. Due to its proximity to 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, allowing for mixed-use development of up to 70 residential units with retail, office, or hotel uses permissible. great retail income earner today, and great development play in the future