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    1495 20Th St Miami, FL 33142

    For Sale
    $4,250,000

    Prime Miami redevelopment opportunity.

    Property size:
    1,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 10,597 square foot commercial lot in Miami's Allapattah neighborhood presents a unique redevelopment opportunity. Currently operating as a medical office, the property is situated on a highly desirable corner at NW 20th Street and 15th Avenue, a key intersection connecting Allapattah to Wynwood, Edgewater, the Civic Center, and U-Health Medical Districts. Zoned T6-8-O, this site boasts a high density of 150 du/acre and allows for a wide variety of uses, including retail, residential, office, and hotel. Development potential includes an eight-story building with a four-story bonus, offering significant flexibility for future projects. The existing 1,260 square foot building is currently 100% occupied with a lease offering 3-5 year options and 4% annual rent bumps. The property includes 15 parking spaces. Adjacent properties are also available for acquisition, allowing for expansion of the development footprint. Offered at $4,250,000 ($3,373.02 per square foot), this is an unparalleled chance to capitalize on Allapattah's burgeoning growth and create a landmark development. The sale includes a leaseback option.

    Property Features for 1495 20Th St

    General Information

    Property type
    Land
    Square Feet
    1,260 SF

    Building Details

    Stories
    1

    HighLights

    • Corner lot zoned T6‑8‑O.
    • High‑density zoning allows for 150 dwelling units per acre with diverse permitted uses.
    • Potential for up to 12‑story mixed‑use development (8 stories base + 4 bonus stories), including retail, residential, office, and hotel.
    • Located in a dynamic market with strong buyer demand.
    • Expansion opportunities exist through acquisition of adjacent properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clínica de Santi Hospital Dr. Isidro A. Lopez, ... Pediatrician Healthy Children Pediatrician Valdez Maritza M ... Pediatrician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2209358
    Latitude
    25.7950041

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    FAQs

    What type of property is this?
    Land - Prime Miami redevelopment opportunity.
    Where is this land located?
    The property is located at 1495 20Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Corner lot zoned T6-8-O.; High-density zoning allows for 150 dwelling units per acre with diverse permitted uses.; Potential for up to 12-story mixed-use development (8 stories base + 4 bonus stories), including retail, residential, office, and hotel.
    (954) 931-1229
    Request Owner's contact information
    1495 20Th St Miami, FL 33142
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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
    1495 20Th St Miami, FL 33142
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