2560 20th St ,Mixed Use for Sale

2560 20th St for Sale

Price $2,650,000.00

• Lot size 22000
• Year Build 1971
• Waterfront
• Zip 33142
• Style
• Parking Description
• Pool Yes
• Status Active

Description

The development potential of the property is supported by the city's "Miami 21" zoning code and the state's "Live Local Act." Under the current zoning provisions of Miami 21, the property is eligible for significant development, capable of supporting up to 75 residential units or 150 lodging units. This development can span a floor area of approximately 88,000 square feet, with building heights reaching up to eight stories. Under the "Live Local Act," the property?s development capacity could be increased if specific conditions are met: if a rental multifamily project dedicates 40% of its units to workforce or affordable housing, and if a mixed-use project is proposed with at least 65% of the floor area designated as residential, the site could support up a height of 12 stories.

RIVER PARK PB 7-128 LOTS 26 THRU 29 LESS N10FT OR 20406-0715-0716 0502 1

The development potential of the property is supported by the city's "Miami 21" zoning code and the state's "Live Local Act." Under the current zoning provisions of Miami 21, the property is eligible for significant development, capable of supporting up to 75 residential units or 150 lodging units. This development can span a floor area of approximately 88,000 square feet, with building heights reaching up to eight stories. Under the "Live Local Act," the property?s development capacity could be increased if specific conditions are met: if a rental multifamily project dedicates 40% of its units to workforce or affordable housing, and if a mixed-use project is proposed with at least 65% of the floor area designated as residential, the site could support up a height of 12 stories.

City:Miami,Zoning:6100,List A O R:A-Miami Association of REALTORS,Latitude:25.7941792,List Price:2650000,Listing Id:A11587767,Longitude:-80.2385075,Mls Status:Active,Year Built:1971,Postal Code:33142,Street Name:20th St,Coordinates:1:25.7941792,Photos Count:1,Business Type:1:Residential-Multi-Family,Days On Market:62,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-05-08,Parcel Number:01-31-34-034-0220,Property Type:Commercial Sale,Street Number:2560,Public Remarks:The development potential of the property is supported by the city's "Miami 21" zoning code and the state's "Live Local Act." Under the current zoning provisions of Miami 21, the property is eligible for significant development, capable of supporting up to 75 residential units or 150 lodging units. This development can span a floor area of approximately 88,000 square feet, with building heights reaching up to eight stories. Under the "Live Local Act," the property?s development capacity could be increased if specific conditions are met: if a rental multifamily project dedicates 40% of its units to workforce or affordable housing, and if a mixed-use project is proposed with at least 65% of the floor area designated as residential, the site could support up a height of 12 stories.,County Or Parish:Miami-Dade County,List Office Name:Luxe Properties,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:7104,Property Sub Type:Mixed Use,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:42358,Unparsed Address:2560 NW 20th St, Miami FL 33142,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Lot Size Square Feet:22000,Original List Price:3500000,Previous List Price:3500000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:The development potential of the property is supported by the city's "Miami 21" zoning code and the state's "Live Local Act." Under the current zoning provisions of Miami 21, the property is eligible for significant development, capable of supporting up to 75 residential units or 150 lodging units. This development can span a floor area of approximately 88,000 square feet, with building heights reaching up to eight stories. Under the "Live Local Act," the property?s development capacity could be increased if specific conditions are met: if a rental multifamily project dedicates 40% of its units to workforce or affordable housing, and if a mixed-use project is proposed with at least 65% of the floor area designated as residential, the site could support up a height of 12 stories.,Listing Contract Date:2024-05-08,Originating System I D:miamire,Public Survey Section:34,Street Number Numeric:2560,Tax Legal Description:RIVER PARK PB 7-128 LOTS 26 THRU 29 LESS N10FT OR 20406-0715-0716 0502 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0,M I A M I R E_ Internet Remarks:Call listing agent for more information.,Contract Status Change Date:2024-05-08,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,