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4699 NW 27th Ave, Miami, FL, 33142 | $895,000
Commercial opportunity located directly on NW 27th Avenue in Miami within the Wilson Estate subdivision. The property features a 1-story building with approximately 1, 988 SF situated on a 3, 600 SF lot. Current primary land use: Store/Retail Outlet/Warehouse. Zoning: 6051 UCH Mixed Use Corridor (MC4 Max Height).
The building includes two interior restrooms positioned on opposite sides of the structure, allowing flexibility for potential division. Layout may accommodate two separate retail spaces, offering income diversification potential.
Currently tenant-occupied with long-term tenant paying $4, 600/month. Rent has not been increased in several years, presenting upside potential.
Located on a high-traffic main corridor with strong visibility. NW 27th Avenue features multiple lanes in both directions and is serviced by the Metrorail line, enhancing exposure and accessibility. Multiple on-site parking spaces. Additional parking expansion may be possible by converting side grass area to concrete (buyer to verify).
Zoning permits a variety of uses including retail, auto parts, restaurant/food service, professional office, and similar commercial applications (buyer to verify with city). City may allow installation of storefront windows along street-facing façade (buyer to verify). Potential for vertical expansion (second floor), subject to city approval.
Property equipped with surveillance camera system. Seller motivated.
Features
- Property Type: Mixed Use
- Garage: Accessible Parking,Guest
- Parking: 6-car
- Zoning: 6051
- Year Built: 1948
- Est. Taxes: $4,724
- MLS#: A11966622
- Days on Market: 91 days
- Website: https://www.raveis.com
/prop/A11966622/4699nw27thave_miami_fl?source=qrflyer
Listing courtesy of Keller Williams Elite Properties Phone: 305-931-2224
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4699 NW 27th Ave, Miami, FL, 33142
$895,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $716,000 | $716,000 | $716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $394 | $394 | $394 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,293 | $4,409 | $6,042 |
| Total Monthly Payment | $4,779 | $4,895 | $6,528 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388