Rare opportunity to acquire a mixed-use property with significant redevelopment potential. The offering includes a four-story commercial building totaling 23,222 SF currently operating as a school, along with an adjacent 7,200 SF asphalt parking lot (20 NW 42nd Street) —both included under the same title.
Situated on a combined ±16,572 SF lot, the property is zoned T4-L, allowing for a wide range of uses including multifamily, duplex, single-family, Live Local (subject to program requirements), general commercial, and office.
Zoning permits up to 36 dwelling units per acre, with a maximum height of 3 stories and 60% lot coverage, providing strong upside for repositioning or ground-up development.
This is an ideal opportunity for investors, developers, or owner-users seeking flexibility in one of Miami’s evolving areas.
4136 N Miami Ave, Miami, FL, 33127
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
