Listing Agency: Magin New World Realty m***@gmail.com Show Phone

Listed By: Magin Hernandez · License #3254306 Show Phone

Source: Exitrealty

Added: May 18, 2023 Changed: Jul 10 Last Checked: Aug 4 at 8:31AM

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Investment Insights

Based on property information with market context.

This is a development opportunity near the Wynwood and Omni areas, featuring two assembled lots totaling 20625 square feet. The back lot has Crown Castle as a tenant, with a new monthly payment of $2869, plus 80% of property taxes. Additionally, there is a month-to-month mechanic shop providing $3000 monthly income, offering revenue while planning development. The property is zoned T6 8.

Key Highlights

• Development opportunity near Wynwood and Omni areas
• Two assembled lots totaling 20,625 sq ft
• Existing tenant (Crown Castle) provides $2,869 monthly income plus 80% of property taxes

Property Analytics

Property Profile

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

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Two assembled lots near Wynwood with existing income.

Where is this commercial 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 near Wynwood and Omni areas; Two assembled lots totaling 20,625 sq ft; Existing tenant (Crown Castle) provides $2,869 monthly income plus 80% of property taxes