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Mechanic Shop with Development Potential
For Sale
$6,995,000

60 NW 20th St, Miami, FL 33127

Month-to-month mechanic shop generates $3,000 monthly income and is offered with development opportunity in Miami.

Property Size5,200 SF
Price / SF$1,345
Days on Market15

Property Features for 60 NW 20th St

General Information

Standard status Active
Size 5,200 SF
Zoning T6-8

Building Details

Year Built 1959
Listing Agency: Magin New World Realty
Listed By: Magin Hernandez · License #3254306
Source: Mymiahomes
Added: Jul 21 Changed: Jul 22 Last Checked: Aug 4 at 9:28AM

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 Magin New World Realty

Investment Insights

Based on property information with market context.

This property is a development opportunity featuring an operating, month-to-month mechanic shop. The current reported income is $3,000 per month, and the tenant is in place during the planning period.

The site is located at 60 NW 20th St in Miami, FL 33127. The tenant’s operations require coordination, and the public remarks specify not to disturb the tenant’s drive-around before sending an LOI.

The property is identified with zoning noted as T6 8. Size is reported as 5,200 (per the provided information). Please review the attached materials for additional details referenced in the remarks.

Key Highlights

  • Month‑to‑month mechanic shop generates $3,000 monthly income
  • Offered with a development opportunity in the Wynwood area and Omni area
  • Property was built in 1959

Property Analytics

Current Use

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

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Adult Day Care Buffet Butcher Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,245
Businesses Nearby
Well-served
Demand for This Use

Demographics for 33127, FL

27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019
4.3% 2020
3.3% 2021
2.9% 2022
3.1% 2023
2% 2024
2.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Auto shop - Month-to-month mechanic shop generates $3,000 monthly income and is offered with development opportunity in Miami.
Where is this auto shop located?
The property is located at 60 NW 20th St Miami, FL.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Month‑to‑month mechanic shop generates $3,000 monthly income; Offered with a development opportunity in the Wynwood area and Omni area; Property was built in 1959
More about this property
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