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    60 Nw 20Th St Miami, FL 33127

    For Sale
    $12,000,000

    Two assembled lots near Wynwood with existing income.

    Property size:
    5,200 SF
    Lot size:
    0.32 Acres

    Property Features for 60 Nw 20Th St

    General Information

    Size
    5,200 SF
    Lot size
    0.32 Acres

    Source: Magin New World Realty Agent Magin Hernandez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity Near Wynwood

    This property presents a development opportunity near the Wynwood and Omni areas, comprising two assembled lots on 20th Street totaling 20,625 square feet. The site currently has a tenant, Crown Castle, on the back lot, generating a monthly income of $2,869, plus 80% of property taxes. Additionally, a mechanic shop operates on a month-to-month basis, providing $3,000 in monthly income. The zoning is T6 8.
    Insight Report Location Intelligence

    Current Use by Public Records

    Embassy Homeowners Insurance Auto Insurance Agency Osborne Firm Trial Attorney Synchronic Transmission Expert Auto Repair Shop Miami Clutch & Transmission Transmission Shop Miami Auto Love Transmission Shop

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.196352
    Latitude
    25.795237

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    FAQs

    What type of property is this?
    Land - Two assembled lots near Wynwood with existing income.
    Where is this land located?
    The property is located at 60 Nw 20Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: - Development opportunity in close proximity to Wynwood and Omni areas.; - Two assembled lots totaling 20,625 sq ft.; - Existing tenant (Crown Castle) provides $2,869 monthly income plus 80% property taxes.
    (305) 803-5192
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    60 Nw 20Th St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Nw 20Th St Miami, FL 33127
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