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2205 NW 20th St, Miami, FL 33142
$5,595,000
2205 NW 20th St, Miami, FL 33142View this property at 2205 NW 20th St, Miami, FL 33142
2205 NW 20th StMiamiFL33142
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Property Description
This is an ideal Owner/User, Free Standing, Fully Renovated retail building w/advertising pylon, on a hard corner (with traffic light). The Property is under a Triple Net Lease that offers significant upside, with a 7% annual lease escalation. The Property is perfectly suited for an owner/user upon expiration of the lease. The Property consists of a 8,546 SF building on .37 acres (16,177 SF) w/17 parking spaces onsite. It offers Street Front Retail entrances, Street Level Roll-Up Doors & 2 Dock Height Doors for multiple users. It has 18 foot high ceilings in the enormous showroom. Investors can increase income by either extending the existing lease w/current tenant (lease has an annual 7% Increase) or replace w/a market rate tenant.
Full Property Details
Full Property Details for 2205 NW 20th St
General
- Price: $5,595,000
- Taxes: $28,762 (2022)
- Status: Active
- Type: Retail
- MLS ID: A11447374
- Updated: 3/4/2024
- Added to Site: 259 day(s) ago
Business
- Business Type: Retail Space
Interior
- Flooring: Concrete
Additional Information
- Security/Safety: Smoke Detector(s), Security System
Parking
- Total Spaces: 17
- Parking Features: Common, Free Parking
Location
- County: Miami-Dade County
- Driving Directions: Take sw 17 av. to NW 20 st. Turn West to address. Property is on the corner on the right hand side.
- Dist. to Freeway: 1
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Building A/C
- Heating Type: Central Building A/C
Utilities
- Electric Available: Yes
- Sewer: Public Sanitation
- Water: Public
Structural Information
- # Buildings: 1
- Structure Type: Free Standing
- Detached/Attached: Detached
- Construction: Other, Stucco
- Roof: Concrete
- Doors: Overhead Doors
- Stories/Levels: 1
- Building Size: 8546
- Current Bldg. Use: Retail
- Year Built: 1995
- Other Struct. Feat.: Airport Access, City Licenses, County Licenses, Exterior Lighting, Heavy Traffic, Truck/Loading Dock
Lot Features
- Lot Size (Acres): 37
- Lot Size (Sq. Ft.): 16,177
- Lot Features: Central Business District, City Location, Corner Lot
- Zoning: 6100
Financial Considerations
- Tax Amount: $28,762
- Tax Year: 2022
- Terms: All Cash, Conventional/Refinance
- Tenant Pays: A/C & Heating Maintenance, Exterior Electric, Electricity, Real Estate Tax, Sewer, Water
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Corporation
- Special Conditions: Sale
- Documents Avail.: Aerial Photo(S), Photos, Rent Rolls, Existing Survey
- Legal Description: DR BURKHARTS WINTER GDNS PB 5-22 LOTS 17 & 18 LESS S25FT ST & LOT 19 LESS S25FT & LESS R/W BLK 8 LOT SIZE 16177 SQUARE FEET OR 21609-3587 09
- Inclusions: Building & Land
- Property ID: 01-31-27-046-1770
Listed by RE/MAX Advance Realty
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Schools
Schools serving 2205 NW 20th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
2420 Nw 18th Ave, Miami, FL 33142 | PK-5 | 0.5 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 21.9 mi | |
4899 Nw 24th Ave, Miami, FL 33142 | 6-8 | 1.7 mi | |
1751 Nw 36th St, Miami, FL 33142 | 9-12 | 1.1 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 16.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2205 NW 20th St
Date
Details
Price
Change
Source
1/11/2024
Price Reduced
$5,595,000
-2.68%
MLS
9/05/2023
Listed
$5,749,000
236.2%
MLS
11/01/2016
Sold
$1,710,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2205 NW 20th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$27,965
-11%
$1,951,000
26%
2021
$31,592
22%
$1,550,000
-7%
2022
$25,856
-22%
$1,672,300
8%
2019
$33,087
4%
$1,550,000
2%
2018
$31,942
6%
$1,525,000
7%
2017
$30,166
111%
$1,424,000
120%
2016
$14,306
9%
$646,779
10%
2015
$13,074
—
$587,981
2%
2014
$13,091
-1%
$577,236
-1%
2013
$13,163
—
$581,119
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2205 NW 20th St
2205 NW 20th St, Miami, FL 33142 (MLS# A11447374) is a Retail property. 2205 NW 20th St is currently listed for $5,595,000 and was received on September 05, 2023. Want to learn more about 2205 NW 20th St? Do you have questions about finding other Retail real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.