Executive Summary:
Metro 1 Commercial presents exclusively for sale the property located at 2205 NW 20 Street Miami, FL, 33142 (“The Property”).
The Property features 8,546 square feet of interior on 16,177 square feet of land.
The Property is located in the vibrant and rapidly evolving Allapattah neighborhood, along NW 20th Street, the main artery of the neighborhood, where zoning, automobile traffic, and visibility are the most favorable . The Property also sits on the signalized intersection of 22nd Street.
Zoning is T6-8 O, which allows from 8 to 12 stories and 150 residential units an acre or 300 hotel keys per acre. Neology Life Development Group completed The Julia with 323 units just a few blocks along the same 20th Street and 16th Avenue, as well as No. 17 Residences with 192 units. Additionally, the neighborhood is seeing significant residential growth with the development of Fourteen Allapattah Residences (237 units), The Miami Produce Center by Bjarke Ingels and Robert Wennett
Average Daily Traffic along NW 20th Street is 29,500 and 7,900 along NW 22nd Street. the property enjoys premium visibility being in a signalized corner, as well as direct access to its parking lot from NW 20th Street, and a Billboard facing the intersection.
Property Specs:
+ Property Address: 2205 NW 20 St, Miami, FL, 33142
+ Asking Price: $5,350,000
+ Building SF: 8,546 SF
+ Land SF: 16,177 SF
+ Zoning: T6-8 O
+ Density: 56 (150 d.u. / acre)
+ Height: 8-12 Stories
+ Featuring Billboard with high visibility to signalized intersection
Allapattah:
Today, Allapattah is emerging as one of Miami’s most vibrant and rapidly evolving neighborhoods, attracting renowned institutions and innovative developments. This dynamic community is home to a diverse array of cultural and commercial attractions. The Rubell family, globally celebrated art collectors, relocated their museum from Wynwood to a 100,000 square foot Allapattah warehouse in 2019. Since then, the Rubells have acquired and converted several neighboring warehouses, including the recent acquisition of the 45,711 square foot former Rex Discount Warehouse in 2022. They have also ventured into hospitality with a Michelin-starred restaurant, Leku.
Directly across from the Rubell Museum is SuperBlue by TeamLab Japan, an interactive museum featuring works by James Turrell and others, which offers a 4,000 square foot event venue space. Additionally, in 2019, Miami’s Related Group repurposed a 28,000 square foot warehouse into El Espacio Twenty Three, an acclaimed exhibition space. New York’s famed Hometown Barbecue has also established a presence in Allapattah, drawing a steady stream of consumers.
JUAN ANDRES NAVA
MANAGING DIRECTOR
954.864.6274
ANAVA@METRO1.COM