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5700 NW 27th Ave, Miami FL 33142

Miami, FL 33142

$5,650,000

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Price
$5,650,000
Building size
4,538
Property type
Industrial
Year built
1952
Lot size (sq ft)
33,095
MLS number
A11987632

This listing is courtesy of AFS Living, 415-994-8214.

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About this property

This unique property consists of 4,538 SF of building space plus over 15,500 SF of semi-enclosed work areas dedicated to automotive repairs, situated on a gated 1.38-acre lot zoned UC-MCS, allowing for a variety of uses including automotive, self-storage, multifamily up to 90 units per acre, or mixed-use development up to 10 stories. The property offers flexibility to continue as an automotive repair and export facility or redevelop into multifamily, commercial, or other urban uses. Perfect for a credit tenant - auto dealership (car/truck/boat), EV service center, self-storage facility, or mixed-use project. It is located near the MLK Metrorail station and the planned North Corridor transit line, making it an excellent candidate for transit-oriented development or commercial redevelopment. The property includes a large amount of automotive equipment. It is currently owner-occupied and can be delivered vacant. Situated on a high-visibility stretch of NW 27th Avenue in the Model City neighborhood, the property is adjacent to emerging developments such as the 41-unit multifamily project in Model City and benefits from spillover growth from nearby Allapattah and Wynwood. The area is seeing significant investment, including the Dulce Vida mixed-income housing (230 units), Anatomia high-rise (499 units), and Rubell family apartments (330 units), enhancing long-term growth and investment potential along this corridor.

Details

Property type
Industrial
Year built
1952
Lot size (sq ft)
33,095

Location

Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.

Newmar Brokerage, LLC

5700 NW 27th Ave, Miami FL 33142 | Newmar Brokerage, LLC