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    8975 27Th Ave Miami, FL 33147

    For Sale
    $7,900,000

    Prime Miami land, high-density zoning, $7.9M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 71,000 square foot development site in Miami, Florida, presents a lucrative investment opportunity. Located at 8975 NW 27th Ave, this 3.02-acre (131,530 sq ft) property boasts a prime location with high visibility due to an average daily traffic count of 33,500 vehicles. The property is zoned UC CENTER MCS - NCUAD, permitting high-density mixed-use development. Currently occupied by a commercial truck sales center and mechanic facility (grandfathered), this offers immediate income potential or redevelopment possibilities. The asking price is $7,900,000, translating to $64.62 per square foot. Its strategic location along the Rapid Transit North Corridor benefits from a $1.9 billion transit improvement program expanding the Metrorail system along NW 27th Avenue. This presents a unique chance to capitalize on Miami's growth and the enhanced accessibility this transit project will bring. The property's parcel number is 30-3103-000-0150. The site is owner-occupied. This is a truly remarkable opportunity for a high-impact development project in a thriving Miami location.

    Property Features for 8975 27Th Ave

    General Information

    Property type
    Land

    HighLights

    • High‑density mixed‑use zoning allows for diverse development options.
    • 1.62‑acre site provides ample space for a substantial project.
    • Excellent transit‑oriented location on a rapid transit corridor.
    • Redevelopment opportunity within the LIVE LOCAL ACT designated area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    27th Avenue Trucks ... Truck Dealer SFL Wreckers LLC Auto Wrecker South Florida Truck ... Truck Dealer Max Thermo Units Truck Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.242156420366
    Latitude
    25.855546095608

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    FAQs

    What type of property is this?
    Land - Prime Miami land, high-density zoning, $7.9M
    Where is this land located?
    The property is located at 8975 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: High-density mixed-use zoning allows for diverse development options.; 1.62-acre site provides ample space for a substantial project.; Excellent transit-oriented location on a rapid transit corridor.
    (305) 632-2057
    Request Owner's contact information
    8975 27Th Ave Miami, FL 33147
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    Miami, FL 33147
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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
    8975 27Th Ave Miami, FL 33147
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