Home » Miami » 242 NW 12th Ave, Miami, FL 33128 | A11621583

242 NW 12th Ave, Miami, FL 33128 | For Sale

$1,500,000

Property Highlights

Listing ID A11621583 Status of this Listing: Active For Sale Property Type Commercial Sale Mixed Use Building Area 2,393 Sqft/222.32 m2 approx. Lot area 5,000 Sqft/464.52 m2 approx. Year Built 1925 Seller considers Owner Financing Time of this property on Rebonus 37 Day(s)
7 Photos of this Property

242 NW 12th Ave, Miami, FL 33128

Property Description: This property is located in Little Havana where there is a steady growth of population requiring high demand for multifamily units, which offer very little vacancy rate. This T6-8-O Zoning makes of this property a development opportunity for a building of 8 + stories high. Currently these two story free standing building is being used as office space. However, it has the potential for 2 large 2 bedrooms/1 bath apartments on first floor. and an efficiency. The second floor has a very large 2 bedrooms /2 bathrooms apartment. Located on 12 Ave and 2 block from Flagler, Near Marlins stadium, 836 expressway, Jackson and UM medical center, Downtown Miami and Brickell. Owner finance is possible with 50% down. DO 'NT DISTURVE TENANT.

Useful Info

Original List Price:$1,500,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Architectural Style:
  • Detached
Construction Materials:
  • Block
Structure Type:
  • Office
Road Frontage Type:
  • City Street

Property Features

Waterfront:No
Air Conditioning:Yes
Air Conditioning System:
  • Central Air

Taxes and Expenses

Tax Annual Amount:$10,462

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Listing Terms Considered by Seller:
  • Cash
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Other
Water Source:
  • Public

More Details

Other Information:
Flood Zone : AE
FEMA Flood Zone Designations: AE
Subdivision Number: 5

Zoning and Legal

Tax Legal Description:LAWRENCE EST LAND COS SUB PB 2-46 E107.5FT LOT 1 LESS E7.5FT FOR ST BLK 51 LOT SIZE SITE VALUE OR 18178-2169 0698 1 COC 21907-1278 12 2003 1
Real Estate Folio Number (Parcel Number):01-41-02-005-7520
Zoning Description:6100
Public Survey Range:41

Listing History

Update/EventDate/Days
Published Date:July 24, 2024 4:54 pm
On Market Date:July 11, 2024
Price Change Date Time:July 10, 2024 4:31 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:July 24, 2024 4:54 pm
Status Last Changed:July 24, 2024 4:54 pm
Photos Last Modified:July 24, 2024 9:08 pm
Last Modified:July 25, 2024 12:00 am
Days on the Market Reference Date:July 25, 2024
Days on the Market (updated on Last Modified*):13
Cumulative Days on the Market (updated on Last Modified**):13

Additional Information

Number of Photos Count:7
Area:41
Ref ID:1078556334
Courtesy of:The Keyes Company
Universal Property Id:US-12025-N-0141020057520-R-N

Location

Show Property Address:Yes
Street Name:12th Ave
Street Number:242
Street Direction Prefix:NW
Street Address:242 NW 12th Ave
City : Miami
State : Florida
Zip Code : 33128
County : Miami-Dade County
Full Address:242 NW 12th Ave, Miami, FL 33128
Latitude:N25° 46' 34.6''
Longitude:W81° 47' 6.2''

Neighborhood

Postal City:Miami

Property Map