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.
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.
Property Details
Price:
$3,500,000
MLS #:
A11587767
Status:
Active
Beds:
0
Baths:
0
Address:
2560 NW 20th St
Type:
Commercial
Subtype:
Mixed Use
City:
Miami
Listed Date:
May 8, 2024
State:
FL
ZIP:
33142
Year Built:
1971
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2%%
Taxes
$42,358
Map
Community
- Address2560 NW 20th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
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