1341 20th St Miami, FL 33142-7721

This single-story, 3,441 square foot car wash building sits on a 7,250 square foot lot in Miami, Florida (33142). Built in 1926, the Class C property is located at 1341 NW 20th St, a high-traffic area within the Miami Health District. The asking price is $1,195,000 ($347.28/sq ft). The property boasts excellent visibility and is surrounded by national brands like Burger King, Popeyes, AT&T, and Truist Bank. Its T6-8-O zoning allows for significant redevelopment and repurposing opportunities. The property benefits from its location on a major thoroughfare with over 45,000 cars passing daily at the nearby intersection of NW 20th St and 12th Ave. This is a value-add, owner-user investment opportunity in a rapidly developing area, close to new developments, galleries, museums, and the Health District. The location is within the Central Empowerment Zone, offering potential state tax benefits for qualifying businesses. The property is currently a single-tenant, NNN lease with no remaining term. This presents a unique chance to capitalize on the area's growth and the property's redevelopment potential. The property's strong location and zoning make it an attractive investment for those seeking a value-add opportunity in a thriving Miami market.