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    101 20Th St Miami, FL 33137

    For Sale
    $12,500,000

    Prime Miami location, high-income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional mixed-use property in Miami, Florida, presents a compelling investment opportunity. Located at 101 NE 20th St, 33137, this portfolio comprises two buildings, each two stories high, constructed in 1935. The property currently includes two single-family homes and a thriving commercial tenant, "Boho House," a well-established bar and music venue, complete with a valuable $500,000 liquor license and catering license. The asking price is $12,500,000. Significant upside potential exists through the development of additional fully built-out commercial spaces, increasing rental income. Strategically situated in Miami's Opportunity Zone, this investment offers substantial tax benefits. The property is located in a Restricted Commercial zone, near the proposed Metro Mover extension station, providing excellent access and future appreciation potential. The site's zoning (T6-12) allows for the development of up to 172 residential units, leveraging a 10% waiver for a 27-foot side setback. Proximity to the OMNI CRA presents further development opportunities. This unique offering combines immediate income generation with substantial long-term growth potential in a vibrant Miami location.

    Property Features for 101 20Th St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1935
    Buildings
    2
    Stories
    2

    HighLights

    • $12,500,000 asking price.
    • Mixed‑use property with two buildings, each two stories.
    • Built in 1935.
    • Includes two single‑family homes and a commercial space occupied by a bar and music venue.
    • Located in Miami, FL, in a Restricted Commercial zone near a proposed Metro Mover extension.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Setai Ocean Suites Hotel The Setai Residences Condominium Complex Lrmb - The Setai Private ... Hotel UHG Sobe Serviced Apartment Oceanview 4 br ... Holiday Apartment Rental

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1926282
    Latitude
    25.7958487

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Miami location, high-income potential.
    Where is this mixed-use property located?
    The property is located at 101 20Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: $12,500,000 asking price.; Mixed-use property with two buildings, each two stories.; Built in 1935.
    Request Owner's contact information
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    Miami, FL 33137
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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
    101 20Th St Miami, FL 33137
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