Commercial property in Miami, Florida № 2062420

Property description

Rare opportunity to acquire a mixed-use property with significant redevelopment potential. The offering includes a four-story commercial building totaling 23,222 SF currently operating as a school, along with an adjacent 7,200 SF asphalt parking lot (20 NW 42nd Street) —both included under the same title. Situated on a combined ±16,572 SF lot, the property is zoned T4-L, allowing for a wide range of uses including multifamily, duplex, single-family, Live Local (subject to program requirements), general commercial, and office. Zoning permits up to 36 dwelling units per acre, with a maximum height of 3 stories and 60% lot coverage, providing strong upside for repositioning or ground-up development. This is an ideal opportunity for investors, developers, or owner-users seeking flexibility in one of Miami’s evolving areas.