1341 20Th StMiami, FL 33142

Property Details for 1341 20Th St

Year built

1926

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

3,441 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Gas stations

APN

01-3126-047-0200

APU

131260470200

Description

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.

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7952

Longitude

-80.218

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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