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11920 NW 27th Ave
Miami, FL 33167
DEVELOPMENT SITE 325 Units As of right · Retail Property For Sale
Investment Highlights
- High-Density Mixed-Use Redevelopment: 125 units/acre, 15-story height, 325 units by right + retail ground floor.
- Fully Certified & De-Risked: Clean Phase I, recent survey, 40-Year recertification, new 2024 HVAC with warranty, new electrical, sprinkler compliance.
- Major Cost Savings + SB-102 Bonus Eligible: No underground parking required, 500± unit upside, reduced basis ~$19,500/door.
Executive Summary
Price Reduced. $7,900,000.00 La Premiere Realty presents a high-density mixed-use redevelopment and investment asset for sale in Miami-Dade County. The property features a free-standing, former retail drive-thru building (former Walgreens) on a 60,168 SF signalized corner lot, with a ±14,040 SF structure and 76 existing parking spaces.
UC-MM | Core Mixed-Use Zoning delivers best-in-class development rights:
125 Units per Acre
15 Story Building Height
325 Units by right
Ground-floor commercial retail permitted
No underground parking required (major cost savings)
SB-102 eligible with projected 500± units and reduced basis ($15,800/door)
Fully de-risked + investor-ready:
-Clean Phase I Environmental completed by Dynatech Engineering Corp
- ALTA Survey 3 years old
- 40-Year Recertification completed
- Sprinklers certified + compliant
- Brand-new 2024 HVAC system with warranty
- Brand-new electrical system + infrastructure upgrades
- Folio: 3021280280961
Unmatched accessibility & retail demand submarket:
Located at NW 27th Ave & NW 119th St, a major north-south retail and commuter artery, minutes from Miami Gardens, Miami Lakes, City of Opa-Locka and key destinations including:
Miami-Dade College North Campus, North Shore Medical Center, and the Opa-Locka aviation district with proximity to cargo, charter and customs facilities.
UC-MM | Core Mixed-Use Zoning delivers best-in-class development rights:
125 Units per Acre
15 Story Building Height
325 Units by right
Ground-floor commercial retail permitted
No underground parking required (major cost savings)
SB-102 eligible with projected 500± units and reduced basis ($15,800/door)
Fully de-risked + investor-ready:
-Clean Phase I Environmental completed by Dynatech Engineering Corp
- ALTA Survey 3 years old
- 40-Year Recertification completed
- Sprinklers certified + compliant
- Brand-new 2024 HVAC system with warranty
- Brand-new electrical system + infrastructure upgrades
- Folio: 3021280280961
Unmatched accessibility & retail demand submarket:
Located at NW 27th Ave & NW 119th St, a major north-south retail and commuter artery, minutes from Miami Gardens, Miami Lakes, City of Opa-Locka and key destinations including:
Miami-Dade College North Campus, North Shore Medical Center, and the Opa-Locka aviation district with proximity to cargo, charter and customs facilities.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
14,040 SF
Building Class
B
Year Built
1994
Price
$7,900,000
Price Per SF
$562.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.38 AC
Zoning
BU-1A - UC-MM | Core
- 125 Units per Acre
- 15 Story Building height
- 325 Units As of right
- 3 or 4 floors of Parking
Frontage
220’ on NW 27th Ave
Amenities
- 24 Hour Access
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 30-2128-028-0961 | Improvements Assessment | $693,280 |
| Land Assessment | $2,406,720 | Total Assessment | $3,100,000 |
Property Taxes
Parcel Number
30-2128-028-0961
Land Assessment
$2,406,720
Improvements Assessment
$693,280
Total Assessment
$3,100,000
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