For Sale
$1,195,000

1341 20Th StMiami, FL 33142

Prime Miami location, high redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This single-story, 3,441 square foot car wash building sits on a 7,250 square foot lot in Miami, Florida (33142). Built in 1926, the Class C property is located at 1341 NW 20th St, a high-traffic area within the Miami Health District. The asking price is $1,195,000 ($347.28/sq ft). The property boasts excellent visibility and is surrounded by national brands like Burger King, Popeyes, AT&T, and Truist Bank. Its T6-8-O zoning allows for significant redevelopment and repurposing opportunities. The property benefits from its location on a major thoroughfare with over 45,000 cars passing daily at the nearby intersection of NW 20th St and 12th Ave. This is a value-add, owner-user investment opportunity in a rapidly developing area, close to new developments, galleries, museums, and the Health District. The location is within the Central Empowerment Zone, offering potential state tax benefits for qualifying businesses. The property is currently a single-tenant, NNN lease with no remaining term. This presents a unique chance to capitalize on the area's growth and the property's redevelopment potential. The property's strong location and zoning make it an attractive investment for those seeking a value-add opportunity in a thriving Miami market.

Highlights

  • Miami Health District location with 20th Street frontage.
  • Value-add, stand-alone investment opportunity.
  • Below-market rents.
  • High-traffic location surrounded by national retailers (Burger King, Popeyes, AT&T, Truist Bank).
  • T6-8-O zoning allows for significant redevelopment.
  • Excellent visibility on a major thoroughfare with over 45,000 cars daily passing nearby intersection.

Property Details for 1341 20Th St

Property type
Specialty properties, Car washes
Square Feet
3,441 SF
Class
C
Year Built
1926
Buildings
1
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7950895
Longitude
-80.2181178
1341 20Th St, Miami, Florida

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1341 20Th St
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