Prime Development Opportunity with
For Sale
$7,900,000
11920 NW 27th Ave, Miami, FL 33167
Free-standing building on a large lot with mixed-use development potential.
Property Size14,429 SF
Lot Size1.38 Acres
Price / SF$547.51
Days on Market168
Property Features for 11920 NW 27th Ave
General Information
Standard status
Active
Size
14,429 SF
Lot size
1.38 Acres
Building Details
Year Built
1994
Listing Agency:
LA PREMIERE Realty
(305) 927-8103
Listed By:
Mauricio Fernandez Piqueras
Source:
Mymiahomes
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 22 at 9:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LA PREMIERE Realty
Investment Insights
Based on property information with market context.
The property features a free-standing building with a drive-thru, situated on a 60,168 square foot lot. The building itself encompasses approximately 14,040 square feet. Zoned UC-MM | Core, the property presents a mixed-use development opportunity, allowing for 125 units per acre and up to 15 stories. As of right, 325 or more units are permitted, along with 3 to 4 floors of parking without underground requirements, and commercial retail space on the ground floor. The property has a clean Phase I Environmental report by Dynatech Engineering and a survey less than 3 years old. It also features a completed 40-Year Certification, a new 2024 AC system with warranty, a new electrical system, and certified sprinkler systems. There are 76 parking spaces available. The property is located at the corner of NW 27th Ave and NW 119th St in a dense residential and commercial area, near retailers such as Marathon, Dollar Tree, Taco Bell, and McDonald's. Nearby amenities include Miami-Dade College North Campus, North Shore Medical Center, Deep End Fitness, and Miami-Opa Locka Executive Airport, with convenient access to I-95, FL-924, and the Turnpike. Opa-Locka is known for its Moorish Revival architecture, an active airport, and ongoing CRA-driven redevelopment.
Key Highlights
- Exceptional mixed‑use development potential: UC‑MM | Core zoning allows for high‑density development with 125 units per acre, up to 15 stories, and approximately 325 units as of right.
- Significant incentives available under SB‑102, potentially reducing the price per door to approximately $19,500 and allowing for an estimated 500 units with applicable bonuses.
- Prime free‑standing building with a drive‑thru on a large 60,168 SF lot.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 33167, FL
19,142
Population
6,978
Households
2.7
Avg Household Size
40
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$59,494
Median Household Income
$31,555
Median Earnings
$1,345
Median Rent
$341,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Free-standing building on a large lot with mixed-use development potential.
Where is this commercial land located?
The property is located at 11920 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Exceptional mixed‑use development potential: UC‑MM | Core zoning allows for high‑density development with 125 units per acre, up to 15 stories, and approximately 325 units as of right.; Significant incentives available under SB‑102, potentially reducing the price per door to approximately $19,500 and allowing for an estimated 500 units with applicable bonuses.; Prime free‑standing building with a drive‑thru on a large 60,168 SF lot.
