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2494 NW 20th St, Miami FL 33142

Commercial Sale

2494 20th St

Miami, FL 33142

ML#:A11121919
List Price:$2,800,000
Status:Closed
Days on Market:338
Listing Brkr:Fausto Commercial Realty Consultants Inc
Subdivision:
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:20188 sqft
Year Built:1969
Stories:

General Information

Type Property:Commercial Sale
Style:Retail
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33142
Subdivision:
Latitude:25.794030
Longitude:-80.237680

Financial Information

Annual Taxes:$23,294
Original Price:$2,750,000
Days on Market:338

Remarks

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

Listing Agent

Carlos Miranda

Fausto Commercial Realty Consultants Inc

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Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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