Commercial

113 NW 27th Ave

113 NW 27th Ave, Miami, FL 33125

Listing Price: $1,062,000

Lot Size
0.27 acres
Price/Acre
$3,933,400
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present 113 NW 27th Avenue, a redevelopment opportunity in Little Havana. This subject property is situated on 11,800 Square Feet zoned T6-8-O and offers approximately 1,571 square feet of office space.

The property was formerly occupied by Wing Motors, an automotive dealership, which makes this an easy transition for an auto dealer operator or outright development. The property is located on NW 27th Avenue, one of Miamis main arteries running North & South, from Miami Gardens to Coconut Grove with excess of 46,000 Vehicles Per Day.

The subject property is zoned T6-8-O and consists of higher density mixed-use building types that accommodate retail, office, and apartment uses. The zoning allows for a maximum height of eight stories with a maximum of 40 dwelling units.

Little Havana has had a history of low vacancies, increasing rental growth rates, and strong demographics. The submarkets indicators of a strong absorption for supply coupled with strong demographics is a reason why we are seeing a rapid growth of mid-rise buildings and mixed-use projects in the surrounding area.

Investment Highlights

  • 100 Feet of Frontage on NW 27th Avenue
  • High Traffic Counts Exceeding 46,000 Vehicles Per Day
  • Flexible Development Options
  • Two Illuminated Pylon Signs
  • Located in Little Havana
  • Zoned T6-8-O, Maximum of 40 Buildable Units.

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

Listing Price: $1,062,000

Lot Size
0.27 acres
Price/Acre
$3,933,400
Land Type
Redevelopment

Investment Highlights

  • 100 Feet of Frontage on NW 27th Avenue
  • High Traffic Counts Exceeding 46,000 Vehicles Per Day
  • Flexible Development Options
  • Two Illuminated Pylon Signs
  • Located in Little Havana
  • Zoned T6-8-O, Maximum of 40 Buildable Units.

Investment Overview

Marcus & Millichap is pleased to present 113 NW 27th Avenue, a redevelopment opportunity in Little Havana. This subject property is situated on 11,800 Square Feet zoned T6-8-O and offers approximately 1,571 square feet of office space.

The property was formerly occupied by Wing Motors, an automotive dealership, which makes this an easy transition for an auto dealer operator or outright development. The property is located on NW 27th Avenue, one of Miamis main arteries running North & South, from Miami Gardens to Coconut Grove with excess of 46,000 Vehicles Per Day.

The subject property is zoned T6-8-O and consists of higher density mixed-use building types that accommodate retail, office, and apartment uses. The zoning allows for a maximum height of eight stories with a maximum of 40 dwelling units.

Little Havana has had a history of low vacancies, increasing rental growth rates, and strong demographics. The submarkets indicators of a strong absorption for supply coupled with strong demographics is a reason why we are seeing a rapid growth of mid-rise buildings and mixed-use projects in the surrounding area.

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

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