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    11888 220Th St Miami, FL 33170

    For Sale
    $4,800,000

    Prime South Miami land, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.02-acre parcel, located at 11888 SW 220th St, Miami, FL 33170, presents a remarkable investment opportunity. Currently zoned for multifamily use and undergoing rezoning to allow for 140 residential units and 1,500 square feet of retail space, this property offers significant upside potential. The land boasts convenient access from both SW 221st Street and SW 220th Street. Its strategic location places it just minutes from the Southland Mall, a billion-dollar redevelopment project encompassing new retail, restaurants, a hotel, and residential components. The surrounding area is experiencing substantial growth, with newly constructed Lennar single-family homes and townhomes, along with numerous new apartment complexes, retailers, and restaurants. This prime location, coupled with the ongoing rezoning process, makes this property ideal for a mixed-use development catering to the area's burgeoning residential and commercial needs. The asking price is $4,800,000, representing a price per acre of $4,800,000. The property is offered fee simple. The price is negotiable.

    Property Features for 11888 220Th St

    General Information

    Property type
    Land
    Lot Size
    44,431 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.384179
    Latitude
    25.56219

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    FAQs

    What type of property is this?
    Land - Prime South Miami land, mixed-use potential.
    Where is this land located?
    The property is located at 11888 220Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,800,000.
    Request Owner's contact information
    11888 220Th St Miami, FL 33170
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    Miami, FL 33170
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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
    11888 220Th St Miami, FL 33170
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