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    2421 27Th Ave Miami, FL 33142

    For Sale
    $1,170,000

    High-Traffic Allapattah Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use commercial property, located at 2421 NW 27th Ave, Miami, FL 33142, presents a unique investment opportunity in Allapattah's rapidly growing area. Built in 1952, this property boasts high visibility and strong customer engagement due to its prime location in a high-traffic zone. The 1,170,000 asking price includes a spacious office, two bathrooms, and two bay doors, along with convenient rear parking. Zoned T6-8-0, this property offers significant redevelopment potential. The current owner has successfully operated a profitable business here for over three decades, demonstrating the location's enduring commercial viability. Adding to its appeal, owner financing is available, providing flexible terms to qualified buyers. This is a rare chance to acquire a prime commercial property in a dynamic and expanding market, offering both immediate income potential and long-term growth prospects. The property's strong history, combined with its zoning and location, makes it an attractive investment for a variety of commercial uses. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property Features for 2421 27Th Ave

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1952

    HighLights

    • Prime mixed‑use property in Miami's Allapattah neighborhood at 2421 NW 27th Ave, Miami, FL 33142.
    • High‑traffic location with excellent visibility and strong customer engagement.
    • 1,170,000 asking price includes office space, two bathrooms, two bay doors, and rear parking.
    • T6‑8‑0 zoning allows for significant redevelopment potential.
    • Owner financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amador Machine Shop ... Machine Shop BlueClothes Store Clothing Store Basement Finishers Sharp Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2396669
    Latitude
    25.7992384

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    FAQs

    What type of property is this?
    Retail property - High-Traffic Allapattah Investment Opportunity
    Where is this retail property located?
    The property is located at 2421 27Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,170,000.
    What are key features of this property?
    This property features: Prime mixed-use property in Miami's Allapattah neighborhood at 2421 NW 27th Ave, Miami, FL 33142.; High-traffic location with excellent visibility and strong customer engagement.; 1,170,000 asking price includes office space, two bathrooms, two bay doors, and rear parking.
    Request Owner's contact information
    2421 27Th Ave Miami, FL 33142
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    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
    2421 27Th Ave Miami, FL 33142
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