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Prime opportunity to purchase or lease a high-visibility commercial property along NW 7th Avenue in Miami. The offering includes an existing commercial building plus the abutting vacant lot, providing flexibility for owner-users, investors, or developers.
Located within the Urban Center – Mixed-Use Corridor Special (UC-MC Special) zoning district, the property allows for a range of potential uses including retail, office, medical, restaurant, service, and mixed-use development, subject to City of Miami approvals.
The existing structure offers immediate occupancy and strong street frontage with excellent signage exposure. The adjacent vacant lot adds value and may be used for parking, expansion, outdoor activation, or future redevelopment.
Seller has completed preliminary planning and conceptual drawings for a proposed retail and office redevelopment, offering buyers a head start in exploring the site’s mixed-use potential (subject to approvals).
Convenient access to I-95, SR-112, and surrounding residential neighborhoods supports strong traffic and visibility. Rare opportunity combining improvements, additional land, flexible zoning, and redevelopment groundwork in a growing corridor.
Seller willinig to hold mortgage with 50% down payment. Buyer/Tenant to verify zoning and development potential independently.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | $250 | $250 | $250 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,264 | $8,485 | $11,569 |
| Total Monthly Payment | $8,639 | $8,860 | $11,944 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.