60 NW 20th St Miami, FL 33127

Building Details

Year Built

1959

Listing agency Magin New World Realty m***@gmail.com Show Phone

Listed by Magin Hernandez · License #3254306

Source Crexi

Added: Nov 11, 2021 Updated: Jul 10 at 3:45PM Checked: Jul 19 at 6:41AM

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Investment Insights

Based on property information with market context.

This property presents a development opportunity near the Wynwood and Omni areas, comprising two assembled lots totaling 20,625 square feet. The property currently has Crown Castle as a tenant on the back lot, generating a monthly income of $2,869, plus 80% of property taxes. Additionally, a mechanic shop operates on a month-to-month basis, contributing $3,000 in monthly income. The zoning is T6 8, allowing for various development possibilities. This arrangement allows for income generation while planning the development.

Key Highlights

• Development opportunity near Wynwood and Omni areas.
• Two assembled lots totaling 20625 sq ft.
• Existing tenant (Crown Castle) provides $2869 monthly income plus 80% of property taxes.

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FAQs

What type of property is this?

Commercial land - Two assembled lots near Wynwood with existing income.

Where is this commercial land located?

The property is located at 60 NW 20th St Miami, FL.

What is the asking price?

The asking price for this property is $6,990,000.

What are key features of this property?

This property features: Development opportunity near Wynwood and Omni areas.; Two assembled lots totaling 20625 sq ft.; Existing tenant (Crown Castle) provides $2869 monthly income plus 80% of property taxes.