For Sale
$1,550,000

249 62Nd StMiami, FL 33150

High-Traffic, Mixed-Use Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami property, located at 249 NW 62nd St, presents a lucrative investment opportunity. The 6,120 square foot corner lot boasts a thriving convenience store, currently operating successfully, with convenient access from two streets. Built in 1970, this single-story building sits on a prime location in Miami-Dade County, Florida, zip code 33150 (25.832727, -80.2011182). The property's T5O zoning designation unlocks significant development potential. Under this zoning, a mixed-use building of up to five stories can be constructed "as of Right," eliminating the need for a zoning hearing. This allows for the addition of elevator penthouses and certain necessary roof structures without impacting the permitted building height. The asking price for this remarkable property is $1,550,000. The high traffic count and strategic location make this an ideal investment for both experienced developers and savvy entrepreneurs seeking a strong return. The existing convenience store provides immediate cash flow while the zoning allows for future expansion and increased profitability. This is a rare opportunity to acquire a property with both immediate income and substantial long-term growth potential in a vibrant Miami neighborhood. Don't miss this chance to capitalize on this prime location and its significant development possibilities.

Highlights

  • $1,550,000 asking price.
  • Mixed-use retail property with convenience store currently operating.
  • 6,120 sqft lot, corner location in Miami, FL.
  • Built in 1970, single-story building.
  • T5O zoning allows for up to 5 stories, mixed-use development.

Property Details for 249 62Nd St

Property type
Retail properties, Mixed-use properties
Year Built
1970
Buildings
1
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.832727
Longitude
-80.2011182
249 62Nd St, Miami, Florida

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249 62Nd St
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