101 NE 20th St - Bar FOR SALE


Miami, FL 33137
$13,500,000 USD
786-377-6309
101 NE 20th St, Miami, FL for Sale
$13,500,000 USD
Bar - FOR SALE
1/34
null | Request Cap Rate

101 NE 20th St
Miami, FL 33137


OVERVIEW

Exceptional Investment Opportunity in Miami's Vibrant Heart – A Multifaceted Gem Awaiting Your Vision Premier Location: Nestled strategically between the dynamic neighborhoods of Edgewater and Wynwood, this multi-use property is situated in a coveted Opportunity Zone, promising significant tax advantages and investment growth potential. Diverse Portfolio Offering: - *Expansive Land Holdings:* Spread across 5 lots, this property is a canvas for imagination. - *Boho Music Venue:* A thriving, established music bar with a rich cultural footprint. - *Bohio:* A new and exciting private event space, adding diversity to the revenue streams. - *Residential Assets:* Includes two single-family homes, offering both immediate rental income and long-term value appreciation. - *Valuable Licenses:* Benefit from an existing liquor license and a catering license, key assets for hospitality ventures. Price Point: Offered at $13.5 million, this property represents an extraordinary value proposition in one of Miami's most rapidly developing areas. Development Potential: - *T6-12 Zoning:* Unlock incredible development potential with zoning advantages for both height and density. - *Development Waivers:* Leverage the 10% waiver for expanded building possibilities, including a 27’ side setback. - *Affordable Housing Incentives:* Capitalize on incentives for affordable rentals, with up to 150% Area Median Income. Strategic Advantages: - *Proximity to Transit Developments:* Situated near the proposed Metro Mover extension station, enhancing connectivity and accessibility. - *OMNI CRA Access:* Potential for developing up to 172 residential units, making it a lucrative development prospect. Discover More: - *Experience the Vibrance:* Explore the Boho House and the new Bohio venue to appreciate the current success and potential. - *Data at Your Fingertips:* Review detailed financials and projections - Visualize the Possibilities: Delve into our detailed presentations for T6-12 and T6-24B zoning potentials Don't Miss This Rare Opportunity: Secure your stake in Miami's flourishing market. Visit our listing for more details and immerse yourself in our comprehensive video presentation.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$885 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant, Manufacturing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

6110

APN/PARCEL ID

01-3125-018-0090,01-3125-018-0100,01-3125-018-0110,01-3125-018-0120,01-3125-018-0121

ASK ABOUT THIS PROPERTY

Alina MeledinaAGK REALTY LLCMore Info
786-377-6309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alina MeledinaAGK REALTY LLCMore Info
786-377-6309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.