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643 NW 20th St 1,560 SF Retail Building Miami, FL 33127 $5,095,108 CAD ($3,266.09 CAD/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Turnkey Commissary Kitchen
- 1,560 SF Freestanding Building On 6,225 SF Lot
- Fully equipped and entitled
- Restaurant permitted with outdoor seating
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 643 NW 20th St, Miami, FL 33127. This turnkey commissary kitchen offers a fully equipped and entitled 1,560 SF freestanding building on a 6,225 SF lot, providing a seamless transition for restaurant operators or investors. Strategically located along I-95, the property boasts exceptional visibility and exposure, drawing traffic from Wynwood, the Health District, and Downtown Miami. Permitted for restaurant use with outdoor seating, the property’s prime corner location and proximity to major institutions enhance its appeal. With ample parking and a position in the rapidly evolving Allapattah submarket, 643 NW 20th St represents a rare opportunity for investors seeking a high-demand asset in one of Miami’s most dynamic neighborhoods.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,560 SF
Building Class
C
Year Built
1968
Price
$5,095,108 CAD
Price Per SF
$3,266.09 CAD
Cap Rate
7.70%
NOI
$392,323 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
7000 - 7000 - INDUSTRIAL - GENERAL
Parking
7 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
77’ on NW 20th St
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Lease Rate/Month: Space 2: $7,000
Lease Rate/Month: Space 1: $9,000
Lease Rate/Month: Space 3: $7,000
| Space | Size | Space Use | Position | Available |
| 2 | 485 SF | Retail | - | Now |
| Space 1 | 610 SF | Restaurant | - | Now |
| Space 3 | 465 SF | Retail | - | Now |
2
| Size |
| 485 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Space 1
| Size |
| 610 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Space 3
| Size |
| 465 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2
| Size | 485 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Lease Rate/Month: Space 2: $7,000
Space 1
| Size | 610 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Lease Rate/Month: Space 1: $9,000
Space 3
| Size | 465 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Lease Rate/Month: Space 3: $7,000
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-3125-035-2500 | Improvements Assessment | $124,339 CAD |
| Land Assessment | $608,272 CAD | Total Assessment | $732,611 CAD |
PROPERTY TAXES
Parcel Number
01-3125-035-2500
Land Assessment
$608,272 CAD
Improvements Assessment
$124,339 CAD
Total Assessment
$732,611 CAD
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643 NW 20th St
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