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 56,715sf 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.
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Courtesy of: Fausto Commercial Realty Consultants Inc MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 2nd July, 2022 1:11 AM (UTC)
