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Development Opportunity Near Wynwood
For Sale
$12,000,000

60 Nw 20th St Miami, Miami, FL 33127

Two assembled lots near Wynwood with existing income.

Property Size5,200 SF
Lot Size0.47 Acres
Price / SF$2,307
Days on Market163

Property Features for 60 Nw 20th St Miami

General Information

Standard status Active
Size 5,200 SF
Lot size 0.47 Acres
Zoning 6100

Taxes and HOA fees

Annual Taxes $37,328

Building Details

Building Size 5,200 SF
Year Built 1959
Listed By: Erin Adamczyk
Source: Yourfhrm
Added: Mar 26 Changed: Sep 3 Last Checked: Sep 4 at 2:53AM

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 Erin Adamczyk

Investment Insights

Based on property information with market context.

This property presents a development opportunity near the Wynwood and Omni areas, comprising two assembled lots totaling 20,625 square feet. The property currently has Crown Castle as a tenant 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, contributing $3,000 in monthly income. The zoning is T6 8, allowing for various development possibilities. This arrangement allows for income generation while planning the development.

Key Highlights

  • Development opportunity near Wynwood and Omni areas.
  • Two assembled lots totaling 20625 sq ft.
  • Existing tenant (Crown Castle) provides $2869 monthly income plus 80% of property taxes.

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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 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 20625 sq ft.; Existing tenant (Crown Castle) provides $2869 monthly income plus 80% of property taxes.
More about this property
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