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Prime Development Opportunity with Drive-Thru

11920 NW 27th Ave Miami, FL 33167

11920 NW 27th Ave, Miami, FL, 33167

$7,900,000

For Sale

$7,900,000

Free-standing building on a large lot with mixed-use development potential.

Property Size14,040 SF

Lot Size1.38 Acres

Price / SF$562.68

AddedMar 10

Days on Market128

Last RefreshJul 14 at 1:19 pm

Property Features for 11920 NW 27th Ave

General Information

Standard status: Active
Size: 14,040 SF
Lot size: 1.38 Acres
Property subtype: Commercial

Building Details

Year Built: 1994

Listing office

Listing date Mar 10, 2026

Source Elliman

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 Mauricio Fernandez Piqueras

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 Location Intelligence

Current Use by Public Records

COVID-19 Drive-Thru Testing ... Medical Laboratory TD Bank ATM Atm David O. Campbell, ... Pharmacy Coinhub Bitcoin ATM ... Atm Bitcoin Depot | BDCheckout Atm

Suggested Use

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For sale
Commercial land
FL
Miami
33167
11920 NW 27th Ave

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.