2560 NW 20th St, Miami FL 33142,Miami,Miami-Dade County,Commercial Sale

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Commercial Sale Active

2560 NW 20th St, Miami FL 33142

$2,650,000

Overview

Mixed Use
Property Type

1971
Year Built

Description

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.

Address

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Address 20th St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33142

Details

Updated on July 9, 2024 at 9:21 pm

Property ID: A11587767
Price: $2,650,000
Year Built: 1971
Property Type: Mixed Use
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NW
PublicSurveyRange: 31
ListAgentKey: 1330b1ca6cc70236bd812de4cc7add8f
TaxLegalDescription: RIVER PARK PB 7-128 LOTS 26 THRU 29 LESS N10FT OR 20406-0715-0716 0502 1
OnMarketDate: 2024-05-08
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-05-08
MajorChangeTimestamp: 2024-07-09T19:05:02.320Z
PhotosCount: 1
SubAgencyCompensation: 0
StatusChangeTimestamp: 2024-05-15T00:11:47.777Z
PriceChangeTimestamp: 2024-07-09T19:05:02.320Z
ListingKeyNumeric: 395877837
MajorChangeType: Price Decrease
ListingContractDate: 2024-05-08
Zoning: 6100
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 42358
ListOfficeName: Luxe Properties
OriginatingSystemKey: miamire
BusinessType: Apartments,Residential-Multi-Family
PhotosChangeTimestamp: 2024-05-15T00:15:40.798Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-809-7650
MlsStatus: Active
StreetNumber: 2560
ListingKey: 5db050ee36ec4f0d9c367bf1f2daa05c
StateOrProvince: FL
ListOfficeKey: 1b858e8f7db0494af50cc06bf077c7b8
BridgeModificationTimestamp: 2024-07-09T19:07:34.020Z
ListAgentFullName: Bryan Gorrita
ListAgentOfficePhone: 305-809-7650
ParcelNumber: 01-31-34-034-0220
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3439366
ModificationTimestamp: 2024-07-09T19:05:02.320Z
OriginatingSystemID: miamire
PreviousListPrice: 3500000
DaysOnMarket: 62
TransactionBrokerCompensation: 2%
BuyerAgencyCompensationType: %
ListOfficeMlsId: LMPR01
ListAgentDirectPhone: 786-499-6967
StreetNumberNumeric: 2560
PostalCodePlus4: 7104
NumberOfUnitsInCommunity: 0
SyndicationRemarks: 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.
ListAgentStateLicense: 3439366
PublicSurveyTownship: 31
StreetName: 20th St
ListOfficeFax: 305-503-9587
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 34
SpecialListingConditions: Sale
OriginalListPrice: 3500000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
BuyerAgencyCompensation: 2%
OriginalEntryTimestamp: 2024-05-15T00:11:47.777Z
SourceSystemKey: 395877837
LotSizeSquareFeet: 22000
BuildingAreaTotal: 0
TransactionBrokerCompensationType: %