101 20Th St, Miami, FL 33137
15,250 SF | 100% Leased | Retail Building | Miami, FL 33137 | $13,500,000 ($885/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $13,500,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 15,250 SF
- Price / Square Foot
- $885
Listing Contacts
Alina Meledina
Verified Profile
- Property Info
Property Overview
Exceptional Investment Opportunity in Miami's Vibrant Heart – A Multifaceted Gem Awaiting Your Vision
Premier Location:
Nestled strategically between the dynamic neighborhoods of Edgewater and Wynwood, this multi-use property is situated in a coveted Opportunity Zone, promising significant tax advantages and investment growth potential.
Diverse Portfolio Offering:
- *Expansive Land Holdings:* Spread across 5 lots, this property is a canvas for imagination.
- *Boho Music Venue:* A thriving, established music bar with a rich cultural footprint.
- *Bohio:* A new and exciting private event space, adding diversity to the revenue streams.
- *Residential Assets:* Includes two single-family homes, offering both immediate rental income and long-term value appreciation.
- *Valuable Licenses:* Benefit from an existing liquor license and a catering license, key assets for hospitality ventures.
Price Point: Offered at $13.5 million, this property represents an extraordinary value proposition in one of Miami's most rapidly developing areas.
Development Potential:
- *T6-12 Zoning:* Unlock incredible development potential with zoning advantages for both height and density.
- *Development Waivers:* Leverage the 10% waiver for expanded building possibilities, including a 27’ side setback.
- *Affordable Housing Incentives:* Capitalize on incentives for affordable rentals, with up to 150% Area Median Income.
Strategic Advantages:
- *Proximity to Transit Developments:* Situated near the proposed Metro Mover extension station, enhancing connectivity and accessibility.
- *OMNI CRA Access:* Potential for developing up to 172 residential units, making it a lucrative development prospect.
Discover More:
- *Experience the Vibrance:* Explore the Boho House and the new Bohio venue to appreciate the current success and potential.
- *Data at Your Fingertips:* Review detailed financials and projections
- Visualize the Possibilities: Delve into our detailed presentations for T6-12 and T6-24B zoning potentials
Don't Miss This Rare Opportunity: Secure your stake in Miami's flourishing market. Visit our listing for more details and immerse yourself in our comprehensive video presentation.
Premier Location:
Nestled strategically between the dynamic neighborhoods of Edgewater and Wynwood, this multi-use property is situated in a coveted Opportunity Zone, promising significant tax advantages and investment growth potential.
Diverse Portfolio Offering:
- *Expansive Land Holdings:* Spread across 5 lots, this property is a canvas for imagination.
- *Boho Music Venue:* A thriving, established music bar with a rich cultural footprint.
- *Bohio:* A new and exciting private event space, adding diversity to the revenue streams.
- *Residential Assets:* Includes two single-family homes, offering both immediate rental income and long-term value appreciation.
- *Valuable Licenses:* Benefit from an existing liquor license and a catering license, key assets for hospitality ventures.
Price Point: Offered at $13.5 million, this property represents an extraordinary value proposition in one of Miami's most rapidly developing areas.
Development Potential:
- *T6-12 Zoning:* Unlock incredible development potential with zoning advantages for both height and density.
- *Development Waivers:* Leverage the 10% waiver for expanded building possibilities, including a 27’ side setback.
- *Affordable Housing Incentives:* Capitalize on incentives for affordable rentals, with up to 150% Area Median Income.
Strategic Advantages:
- *Proximity to Transit Developments:* Situated near the proposed Metro Mover extension station, enhancing connectivity and accessibility.
- *OMNI CRA Access:* Potential for developing up to 172 residential units, making it a lucrative development prospect.
Discover More:
- *Experience the Vibrance:* Explore the Boho House and the new Bohio venue to appreciate the current success and potential.
- *Data at Your Fingertips:* Review detailed financials and projections
- Visualize the Possibilities: Delve into our detailed presentations for T6-12 and T6-24B zoning potentials
Don't Miss This Rare Opportunity: Secure your stake in Miami's flourishing market. Visit our listing for more details and immerse yourself in our comprehensive video presentation.
Property Details
- Class
- C
- Year Built
- 1935
- Stories
- 2
- Property Subtype
- Manufacturing, Office/Residential
- Lot Size (sq. ft)
- 15,246 SF
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