660 Miami, FL ^$ 3,500,000

660

^$ 3,500,000

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660

Miami, FL, 33127

^$ 3,500,000

Studio Baths0.0 Sq 2,850

Monthly Estimate*

^$ 23,262

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Studio

Commercial Property for sale in Miami, FL

for $3,500,000. This 2,850 square foot building was built in 1948 on a lot size of 0.321396.

This portfolio presents a 14,000 SF three-parcel assemblage with mixed use leasable space consisting of 7 unit duplex and office building located a block away from gateway into Wynwood’s Art & Entertainment District. With existing cash flow generated from leases at below market value, the property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of West Of West, Allapatah District. Zoning allows to build upto 8 floors for a new build. Also zoned for Retail,Hotel-Inn, Bed & Breakfast, Offices, Industrial. Several significant new projects are located within only a block or two of the property. Short walk to Wynwood. 10 Min drive to Miami Beach, Downtown, Brickell. Prime Location and High visible traffic

Commercial Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,572

Style

MixedUse

Lot Size

0.321396

Year Built

1948

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11320935

Features

General

Heating WindowUnit WallFurnace

Possession ClosingFunding

Year Built 1948

Property SubType MixedUse

County Miami-Dade County

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

City Miami

View Y/N N

Senior Community Y/N N

Zoning Description 7700

MLS Area 31

Lot Size Square Feet 14000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 29th St

Listing Terms Cash

Property Attached Y/N N

Year Built Details Resale

Land Lease Y/N N

Tax Annual Amount 8572.0

Home Warranty Y/N N

Ok to Lease MonthToMonth

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11320935

Days on Market 519

Structure Type MultiFamily

Standard Status Active

Occupancy Type Tenant

Legal Description NORTHERN BLVD TR PB 2-29 LOT 9 BLK 15 LOT SIZE 50.000 X 140 OR 19660-3437 04 2001 4 (6)

Exterior

Parking Features Common Guest

Water Source Public

Lot Size Area 14000.0

Spa N

Building Area Total 2850.0

Lot Size Units SquareFeet

Covered Spaces 0.0

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 660

* Excluded Features

List By

One Sotheby's International Re

Broker

mtaskiran@onesothebysrealty.com

Affordability Calculator

$23,976

Per Month

Monthly Principal & Interest: $23,262
Monthly Property Taxes: $714
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Miami, FL

Average List Price ^$2,223,588

Percent of Sale Price 36%

About Miami, FL

450,829 Population

25% Since 2002

^$39,267 Median Income

40.58 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

292769 Elementary School

292996 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/31/2022	$3,500,000		Listed Price

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660, Miami, FL, 33127 is a Commercial Property for sale at $3,500,000 with 2,850 sqft and a lot size of 0.321396. 660 is a studio with 0.0 baths and was built in 1948. The property's zip code is 33127 which is in Miami, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to the real estate for sale on this web site comes in part from the Realtor Association of Greater Miami and the Beaches.

The information being provided is for consumers'personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

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660

Commercial Property for sale in Miami, FL

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