2729 Nw 56th St, Miami, FL 33142

Property Description

PRIME COMMERCIAL INVESTMENT & DEVELOPMENT OPPORTUNITY, for sale this exceptional covered land investment opportunity along Miami’s thriving NW 27th Avenue Corridor. The property consists of four contiguous folios totaling 23,865 SF (0.55 acres), currently operating as a car dealership under a ground lease with approximately two years remaining, generating $13,250 monthly ($159,000 annually). The buyer is responsible for property taxes only. Zoned MCS, the property allows for a variety of commercial uses. The existing Car Dealer Certificate of Use and a letter confirming exemption from the 40-year recertification requirement can be provided upon request. Located within a designated Opportunity Zone, minutes from Miami International Airport, the property offers redevelopment potential of up to 10 stories and 90 units per acre, subject to verification and approvals. Attractive Seller Financing Available Investment Highlights 23,865 SF | 0.55 Acres | 4 Contiguous Folios $159,000 Annual Rental Income Clear Channel sign: Month to Month | No Contract Paying $4000.00 Yearly Existing Car Dealer Certificate of Use MCS Zoning | Opportunity Zone Up to 10 Stories | 90 Units per Acre