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2560 NW 20th St Miami, FL $ 3,500,000
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$ 3,500,000 Get more info
2560 NW 20th St
$ 3,500,000
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Share Save

2560 NW 20th St

Miami, FL, 33142
$ 3,500,000
Baths0.0

Monthly Estimate*

$ 23,262

2560 NW 20th St, Miami, FL 33142 - Image 1
Studio

Commercial Property for sale in Miami, FL

for $3,500,000. This building was built in 1971 on a lot size of 0.505051.

The development potential of the property is supported by the city's "Miami 21" zoning code and the state's "Live Local Act." Under the current zoning provisions of Miami 21, the property is eligible for significant development, capable of supporting up to 75 residential units or 150 lodging units. This development can span a floor area of approximately 88,000 square feet, with building heights reaching up to eight stories. Under the "Live Local Act," the property’s development capacity could be increased if specific conditions are met: if a rental multifamily project dedicates 40% of its units to workforce or affordable housing, and if a mixed-use project is proposed with at least 65% of the floor area designated as residential, the site could support up a height of 12 stories.

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Commercial Active

Price

$ 3,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 42,358

Style

MixedUse

Lot Size

0.505051

Year Built

1971

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11587767
Features
General
Year Built 1971
Property SubType MixedUse
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Miami
View Y/N N
Senior Community Y/N N
Zoning Description 6100
MLS Area 31
Lot Size Units SquareFeet
Lot Size Square Feet 22000.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 20th St
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 42358.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 6
Structure Type Apartment MultiFamily
Standard Status Active
Occupancy Type Vacant
Legal Description RIVER PARK PB 7-128 LOTS 26 THRU 29 LESS N10FT OR 20406-0715-0716 0502 1
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Exterior
Lot Size Area 22000.0
Spa N
Building Area Total 0.0
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 2560
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* Excluded Features
List By
Luxe Properties

Broker

brygorservices@gmail.com

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Affordability Calculator

$26,792
Per Month
87%
13%
0%
Monthly Principal & Interest
$23,262
Monthly Property Taxes
$3,530
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/15/2024$3,500,000 Listed Price

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2560 NW 20th St, Miami, FL, 33142 is a Commercial Property for sale at $3,500,000 with a lot size of 0.505051. 2560 NW 20th St is a studio with 0.0 baths and was built in 1971. The property's zip code is 33142 which is in Miami, FL

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