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2189 NW 20, Miami FL 33142

Commercial For Sale
$11,000,000

BTC: 137.50000000

ETH: 4,583.33333333

New
0 room(s)

Overview

Property is zoned T6-8-O and D1. The offering presents an opportunity to explore potential multifamily redevelopment of approximately 220 units, subject to applicable zoning, regulations, permitting, design requirements, governmental approvals, and buyer’s independent due diligence. Conceptual development guidance and related materials may be available for review to assist prospective buyers in evaluating potential redevelopment scenarios. Buyers should consult their own architect, zoning counsel, engineers, consultants, and other qualified professionals regarding development potential and requirements. Potential development considerations may include the Live Local Act, LIHTC, QCT-related benefits, CRA programs, and other public or private financing sources. No representation or guarantee is made regarding eligibility, availability, approvals, financing, tax benefits, incentives, unit count, or development capacity. Strategically located on a hard corner with paved road access and convenient proximity to hospitals, transit, major employers, and neighborhood amenities. Attractive opportunity for multifamily developers, investors, syndicators, and CRA-aligned institutions seeking a redevelopment opportunity in Allapattah. All information is provided for general informational purposes only and is subject to change and independent verification. Buyer is responsible for conducting its own due diligence and should rely on its own investigations and qualified professionals.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1980
Lot:
0.91 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$7,850,000
$3.8M – $14.5M
Confidence Low
List vs. estimate
$3.1M above estimate
List $11,000,000 · +40.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $350K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Lot

    • Lot: 0.91 Acres

    Other Property Information

    • Zoning: 7000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A12066924

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Central Business District / City Location / Corner Lot

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Miami New Realty