420 NW 32nd St

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420 NW 32nd St

Miami, FL 33127
Asking Price
$1.68M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel located at 420 NW 32nd St in Miami.
  • The property encompasses a total land area of 0.17 acres.
  • The current asking price for this development site is $1,676,767.
  • This asset is zoned and designated for commercial real estate use.
  • The site coordinates are located at 25.8063 latitude and -80.2027 longitude.

What's Special

Miami serves as a major gateway to international commerce, benefiting from a robust logistics network and consistent demand for urban infill development. This 0.17-acre commercial land parcel at 420 NW 32nd St provides a strategic footprint within the city. The site is positioned to accommodate various commercial improvements, catering to investors or businesses looking to establish a presence in a central metropolitan corridor. With its urban orientation, this asset supports projects ranging from retail storefronts to boutique office spaces or specialized service centers. Prospective owners can leverage the ongoing growth of the surrounding neighborhoods and the connectivity provided by Miami's expansive transit infrastructure to maximize the utility of this development opportunity. The property presents a clear configuration for developers aiming to capitalize on high-density land use in a dynamic market environment.

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NOI
$80,000
Cap Rate
4.77%
DSCR
0.80
Underwater
Cash-on-Cash
-3.89%
Monthly Payment
$8,295.728
Annual Cash Flow
$-19,548.739

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