16700 27th Ave Miami Gardens, FL 33056-4402
This exceptional mixed-use property, located at 16700 NW 27th Ave in Miami Gardens, Florida, presents a compelling investment opportunity. Built in 1958, this single-story building boasts a prominent corner location on Palmetto Avenue, within a major intersection. The substantial 11,000+ square foot lot provides ample parking and significant redevelopment potential. Its strategic location within a designated Opportunity Zone offers attractive tax advantages for eligible investors seeking to contribute to economic development. The property's high visibility is further enhanced by a prior contract for billboard advertisement installation. The existing building offers versatility for a variety of uses, aligning perfectly with the Miami Gardens Planned Corridor Development. The seller is highly motivated, and financing options are available, making this an ideal acquisition for discerning investors. The asking price is $1,150,000. This is a rare chance to acquire a substantial property in a rapidly growing area with significant upside potential. The property's size and location make it suitable for a wide range of commercial ventures. Don't miss this opportunity to capitalize on the vibrant Miami Gardens market. The zip code is 33056.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FLMiami Gardens. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.