41 NW 20th St, Miami FL 33127

Closed

$6,250,000

3.85%

Est. Payment $33,265/mo

MLS Sheet Video

1938

Year Built

257

Days on Market

Description

Corner 15,600 SF with T6-8-O zoning. Development potential is up to +/-89,130 SF on 8 levels. The by-right of zoning allowance of 150 units per = 48 residential units. There is potential for substantially more increased area for Boutique Hotels or projects that take advantage of the Live Local SB102 guidelines. Property provides excellent exposure and has natural light on all 4 sides. This is a natural location for a mixed use project that combines retail, professional, and residential uses. Site dimensions are approximately 130’ X 120’. There is currently a tenant in place paying $16,000 per month plus sales tax in rent. May be delivered vacant at closing, or a Buyer could retains tenant for cash flow while planning redevelopment. 2 buildings on site totaling +/- 6,000 SF.

Facts

MLS#
A11479376
Subdivision
Property Type
Commercial Sale
Property Sub Type
Mixed Use
Year Built
1938
Lot Size
15,600 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
Garage
Pool
Days on Market
257 days
Listed
Nov 1, 2023
Last Updated
Sep 23, 2024
Price/Lot Sq.Ft.
$401/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

21

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

9/23/2024Sold$6,250,000
3/13/2024Price change$6,250,000-3.8%
11/1/2023Listed for sale$6,500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

41 NW 20th St, Miami FL 33127Directions

Estimated Monthly Payment

$38,623/mo

Principal & Interest

$33,265

Property Tax

$5,208

Insurance

$150

HOA

$0

20% ($1,250,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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