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60 20Th St Miami, FL 33127

For Sale
$5,990,000

Prime Wynwood lot, high income potential.

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional 15,000 square foot lot, located at 60 NW 20th St in Miami, Florida, presents a remarkable development opportunity in the vibrant Wynwood Arts District and Omni area. Boasting a 125-foot frontage and a corner location within the Wynwood Neighborhood Revitalization Area (NRA), this property offers significant potential for various projects. The existing structures comprise a 5,200 square foot warehouse currently generating a monthly income of $3,000 through a month-to-month lease with a mechanic shop and additional owner-occupied warehouse space. The property is being offered at $5,990,000. The seller is open to negotiating the tenant's continued occupancy, allowing for income generation during the planning and development phases, or delivery of the property vacant. Built in 1959, this property is zoned T6-8 (per attached survey). Serious inquiries only

Property Features for 60 20Th St

General Information

Property type
Specialty properties

Building Details

Year Built
1959

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Embassy Homeowners Insurance Auto Insurance Agency Osborne Firm Trial Attorney Synchronic Transmission Expert Auto Repair Shop Miami Clutch & Transmission Transmission Shop Miami Auto Love Transmission Shop

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.1960062
Latitude
25.7951854

FAQs

What type of property is this?
Specialty property - Prime Wynwood lot, high income potential.
Where is this specialty property located?
The property is located at 60 20Th St Miami, FL.
What is the asking price?
The asking price for this property is $5,990,000.
More about this property
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