$7,900,000178 days on marketActive

11920 NW 27th Avenue, Miami, FL 33167

Miami, FL 33167

Sq Ft

1994

Year Built

1.38 acres

Lot Size

Listing Snapshot

List Price	$7,900,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	1.38 acres

Year Built	1994
Property Tax	$50,846/yr
MLS #	1147152224
Status	Active
Days on Market	178

About This Home

LA PREMIERE Realty proudly presents North Central, a prime free-standing building with a drive-thru on a 60,168 SF lot and ±14,040 SF building. Zoned UC-MM | Core, the property offers exceptional mixed-use development potential, allowing 125 units per acre, 15 stories, 325 +/- units as of right, 3–4 floors of parking (no underground required), and commercial retail on the ground floor.The current price per door is approximately $30,000, with significant incentives available under SB-102, reducing the price per door to about $19,500 and allowing an estimated 500 ± units with applicable bonuses.Property highlights include: Clean Phase I Environmental by Dynatech Engineering | Survey less than 3 years old | Completed 40-Year Certification | Brand-new 2024 AC system with warranty |New electrical system |Certified sprinkler systems |76 parking spacesThis is a rare, well-positioned development opportunity offering scale, flexibility, and strong long-term value.The property sits at the high-traffic corner of NW 27th Ave and NW 119th St in a dense residential and commercial corridor near major retailers like Marathon, Dollar Tree, Taco Bell, and McDonald's. Nearby amenities include Miami-Dade College North Campus, North Shore Medical Center, Deep End Fitness, and Miami-Opa Locka Executive Airport, with quick access to I-95, FL-924, and the Turnpike. Opa-Locka offers rich Moorish Revival architecture, an active airport, and ongoing CRA-driven redevelopment.