11920 NW 27th Ave - Freestanding FOR SALE


Miami, FL 33167
$9,750,000 USD
305-927-8103
11920 NW 27th Ave, Miami, FL for Sale
$9,750,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

11920 NW 27th Ave
Miami, FL 33167


HIGHLIGHTS

  • High-Density Mixed-Use Redevelopment: 125 units/acre, 15-story height, 325 units by right + retail ground floor.
  • Major Cost Savings + SB-102 Bonus Eligible: No underground parking required, 500± unit upside, reduced basis ~$19,500/door.
  • Fully Certified & De-Risked: Clean Phase I, recent survey, 40-Year recertification, new 2024 HVAC with warranty, new electrical, sprinkler compliance.

OVERVIEW

La Premiere Realty presents a high-density mixed-use redevelopment and investment asset for sale in Miami-Dade County. The property features a free-standing, former retail drive-thru building (former Walgreens) on a 60,168 SF signalized corner lot, with a ±14,040 SF structure and 76 existing parking spaces. UC-MM | Core Mixed-Use Zoning delivers best-in-class development rights: 125 Units per Acre 15 Story Building Height 325 Units by right Ground-floor commercial retail permitted No underground parking required (major cost savings) SB-102 eligible with projected 500± units and reduced basis ($19,500/door) Fully de-risked + investor-ready: -Clean Phase I Environmental completed by Dynatech Engineering Corp - ALTA Survey 3 years old - 40-Year Recertification completed - Sprinklers certified + compliant - Brand-new 2024 HVAC system with warranty - Brand-new electrical system + infrastructure upgrades - Folio: 3021280280961 Unmatched accessibility & retail demand submarket: Located at NW 27th Ave & NW 119th St, a major north-south retail and commuter artery, minutes from Miami Gardens, Miami Lakes, City of Opa-Locka and key destinations including: Miami-Dade College North Campus, North Shore Medical Center, and the Opa-Locka aviation district with proximity to cargo, charter and customs facilities.

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$694 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NORTH CENTRAL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

BU-1A

APN/PARCEL ID

30-2128-028-0961

ASK ABOUT THIS PROPERTY

Mauricio Fernandez-PiquerasLa Premiere RealtyMore Info
305-927-8103

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Mauricio Fernandez-PiquerasLa Premiere RealtyMore Info
305-927-8103

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.