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11920 27th Ave, Miami, FL
Offering:
For Sale
Location:
Miami, FL 33167
Status:
Active
$7,900,000
Deemed reliable but not guaranteed.
Details
Year built:
1994
Lot size:
60,168 sq ft
Levels:
One
Stories:
1
Style:
Detached
Days on market:
294
Annual tax:
$50,846
Type:
Mixed-Use
MLS ID
A11914764
Virtual tour:
Listed by:
LA PREMIERE Realty (LPMR01)
Listing office phone:
305-927-8103
Listing office email:
Listing agent:
Mauricio Fernandez Piqueras (3549812)
Description
Welcome to 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 spaces
This 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.
Price history
$9,750,000 → $7,900,000
·
Reduced by
$1,850,000 (19.0%) · 2 price changes
Location
11920 NW 27th AveMiami, FL 33167
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MLS information
Last updated Sep 15, 2026
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