101 20Th StMiami, FL 33137

This exceptional mixed-use property in Miami, Florida, presents a compelling investment opportunity. Located at 101 NE 20th St, 33137, this portfolio comprises two buildings, each two stories high, constructed in 1935. The property currently includes two single-family homes and a thriving commercial tenant, "Boho House," a well-established bar and music venue, complete with a valuable $500,000 liquor license and catering license. The asking price is $12,500,000. Significant upside potential exists through the development of additional fully built-out commercial spaces, increasing rental income. Strategically situated in Miami's Opportunity Zone, this investment offers substantial tax benefits. The property is located in a Restricted Commercial zone, near the proposed Metro Mover extension station, providing excellent access and future appreciation potential. The site's zoning (T6-12) allows for the development of up to 172 residential units, leveraging a 10% waiver for a 27-foot side setback. Proximity to the OMNI CRA presents further development opportunities. This unique offering combines immediate income generation with substantial long-term growth potential in a vibrant Miami location.