2729 NW 56th St, Miami, FL 33142

Description of 2729 NW 56th St, Miami, FL 33142

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

Property Details for 2729 NW 56th St, Miami, FL 33142

Pool Private

No

Building Information for 2729 NW 56th St, Miami, FL 33142

Building Area Total

659

Building Area Units

Square Feet

Association

No

Property Information for 2729 NW 56th St, Miami, FL 33142

Lot Features

Corner Unit, Near Airport

Lot Size Square Feet

5,160

Waterfront

No

View

No

New Construction

No

Public Records for 2729 NW 56th St, Miami, FL 33142

Parcel Number

30-31-16-009-6590

Tax Legal Description

HIALEAH HEIGHTS PB 28-24 LOT 18 BLK 27 LOT SIZE 40.000 X 129 OR 20696-3631 0902 2 (3) COC 26466-1994 07 2008 2

Zoning

6462

County Or Parish

Miami-Dade County

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