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3660 NW 20th Ave - ALLAPATTAH 71 0.25 Acres of Commercial Land Offered at $3,459,000 CAD in Miami, FL 33142
Investment Highlights
- Live Local development opportunity with plans submitted for 71 multifamily units in Miami's urban core.
- Located in a Qualified Opportunity Zone near Wynwood, Allapattah, Downtown Miami, and the Health District.
- Prime transit-oriented location just one block from Earlington Heights Metrorail Station.
- Current income-producing asset with approximately $71,000 NOI while pursuing redevelopment approvals.
Executive Summary
Land Size: +/- 11,036
Zoning: T5 - L
Approvals: 71 Units, Site Plan submitted
LOCATION HIGHLIGHTS
Within Qualified OZ
Within the TOD Applicablefor Live Local
Earlington Station within 2 blocks proximity
"West of Wynwood"
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot 1 & 2
| Price | $3,459,000 CAD | Lot Size | 0.25 AC |
| Price Per AC | $13,652,941.33 CAD |
| Price | $3,459,000 CAD |
| Price Per AC | $13,652,941.33 CAD |
| Lot Size | 0.25 AC |
The properties consist of two lots totaling approximately 11,036 square feet. Both lots are contiguous and are zoned T5 - L and are situated in areas eligible for live local development as well as within a Transit-Oriented Development (TOD) zone.
Description
Exceptional redevelopment opportunity in one of Miami's fastest-growing urban neighborhoods. This ±11,036 SF assemblage is zoned T5-L and positioned within a Qualified Opportunity Zone, Transit-Oriented Development (TOD) area, and Live Local eligible corridor. Current plans support a proposed 71-unit multifamily development just steps from Earlington Heights Metrorail Station, providing direct connectivity to Downtown Miami, Wynwood, Brickell, and Miami International Airport.
Property Taxes
| Parcel Numbers | Total Assessment | $1,142,371 CAD (2025) | |
| Land Assessment | $918,727 CAD (2025) | Annual Taxes | -$1 CAD |
| Improvements Assessment | $223,644 CAD (2025) | Tax Year | 2024 |
Property Taxes
Presented by
3660 NW 20th Ave - ALLAPATTAH 71
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