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$ 2,350,000
Est. payment | /mo
659 SqFt
$ 2,350,000
Est. payment | /mo
659 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 659 sqft
Price per Sqft $3,566
MLS Listing ID A12121341
HOA Y/N No
Year Built 1927
Lot Size 5,160 Sqft
Property Sub-Type Mixed Use
Property Description
PRIME COMMERCIAL INVESTMENT & DEVELOPMENT OPPORTUNITY, for sale this exceptional covered land investment opportunity along Miami's thriving NW 27th Avenue Corridor. The property consists of four contiguous folios totaling 23,865 SF (0.55 acres), currently operating as a car dealership under a ground lease with approximately two years remaining, generating $13,250 monthly ($159,000 annually). The buyer is responsible for property taxes only. Zoned MCS, the property allows for a variety of commercial uses. The existing Car Dealer Certificate of Use and a letter confirming exemption from the 40-year recertification requirement can be provided upon request. Located within a designated Opportunity Zone, minutes from Miami International Airport, the property offers redevelopment potential of up to 10 stories and 90 units per acre, subject to verification and approvals. Attractive Seller Financing Available
Investment Highlights
23,865 SF | 0.55 Acres | 4 Contiguous Folios
$159,000 Annual Rental Income
Clear Channel sign: Month to Month | No Contract
Paying $4000.00 Yearly
Existing Car Dealer Certificate of Use
MCS Zoning | Opportunity Zone
Up to 10 Stories | 90 Units per Acre
Investment Highlights
23,865 SF | 0.55 Acres | 4 Contiguous Folios
$159,000 Annual Rental Income
Clear Channel sign: Month to Month | No Contract
Paying $4000.00 Yearly
Existing Car Dealer Certificate of Use
MCS Zoning | Opportunity Zone
Up to 10 Stories | 90 Units per Acre
Location
State FL
County Miami-dade
Area 31
Zoning 6462
Exterior
Private Pool Yes
Others
Tax ID 30-31-16-009-6590
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12121341
Listed by LA PREMIERE Realty
Nearby Locations
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