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$1,200,000
Est. payment /mo
2,393 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,393 sqft
Price per Sqft $501
MLS Listing ID A11933705
HOA Y/N No
Year Built 1925
Annual Tax Amount $11,534
Lot Size 5,000 Sqft
Property Sub-Type Mixed Use
Property Description
Located in the heart of Little Havana, 242 NW 12th Ave presents a compelling opportunity for investors and developers seeking both current cash flow and long-term upside. Situated on a 5,000 sq ft lot, this two-story mixed-use building offers approximately 2,393 sq ft of existing improvements in one of Miami's most active urban corridors.
The property is zoned T6-8-O (Urban Core), providing flexibility for high-density redevelopment, including multifamily or mixed-use projects, subject to city approval. The existing configuration allows for a combination of commercial/office use and multiple residential units, making it well-suited for an income-producing hold or future repositioning.
Constructed in 1925, the building features solid construction, central air conditioning, and on-site parking, adding to its functional appeal. The property is currently occupied by long-term tenants, offering immediate revenue potential while plans for future development or renovation are explored (do not disturb occupants).
Highlights Include:
Mixed-use asset with residential and commercial potential
T6-8-O zoning allowing for significant density and redevelopment
5,000 sq ft lot with 2,393 sq ft of existing structure
Multiple unit configuration with income in place
On-site parking
Located within Miami's Urban Development Boundary
.
The property is zoned T6-8-O (Urban Core), providing flexibility for high-density redevelopment, including multifamily or mixed-use projects, subject to city approval. The existing configuration allows for a combination of commercial/office use and multiple residential units, making it well-suited for an income-producing hold or future repositioning.
Constructed in 1925, the building features solid construction, central air conditioning, and on-site parking, adding to its functional appeal. The property is currently occupied by long-term tenants, offering immediate revenue potential while plans for future development or renovation are explored (do not disturb occupants).
Highlights Include:
Mixed-use asset with residential and commercial potential
T6-8-O zoning allowing for significant density and redevelopment
5,000 sq ft lot with 2,393 sq ft of existing structure
Multiple unit configuration with income in place
On-site parking
Located within Miami's Urban Development Boundary
.
Location
State FL
County Miami-dade
Area 41
Exterior
Private Pool Yes
Others
Tax ID 01-41-02-005-7520
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11933705
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Listed by Compass Florida, LLC
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