Covered land play with strong future development upside. Currently operating as a body shop, the property sits on a 7,800 SF corner lot zoned BU-3 (Business District). Eligible for SB-102/Live Local, it offers potential for a mixed-use project with ground-floor retail and ±45 residential units. Its location just half a mile from the Dr. Martin Luther King Jr. Metrorail Station may qualify for reduced parking requirements, while the Opportunity Zone designation provides valuable tax incentives. Positioned along the high-traffic NW 62nd St corridor with over 19,300 vehicles per day and only blocks from Hialeah.
Info deemed reliable but not guaranteed. Buyer/tenant must verify all details, zoning, and development potential independently.
3099 NW 62nd St, Miami, FL, 33147
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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