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    OFF-MARKET
    Land

    0 27Th Ave, Opa-locka, FL 33054

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    Property summary
    AI-generated overview

    This exceptional 30,868 square foot vacant commercial land parcel in Opa-locka, Florida, presents a compelling investment opportunity. Located on NW 27th Avenue in Miami-Dade County, zip code 33054, this property boasts a highly desirable B2 zoning classification, allowing for a wide range of commercial uses. The flexible zoning permits retail, multi-family, and mixed-use developments, excluding industrial uses. This assemblage comprises four folios, covering approximately 1.5 city blocks, offering significant development potential. A zoning overlay further enhances the site's potential, permitting mixed-use projects with up to 150 units per acre. Potential uses include, but are not limited to, restaurants with drive-thrus, retail strips, and car washes. The property's prominent location on NW 27th Avenue ensures high visibility and accessibility. For investors seeking a substantial development opportunity, seller financing is available at an 8% interest rate with a 40% down payment. A separate folio on the north side of Jann Avenue is also available for $700,000. This is a rare chance to acquire a large, versatile commercial land parcel in a rapidly growing area. The asking price for the entire assemblage is $1,500,000.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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