**Motivated Seller!** This prime corner Mixed-Use property spans 20,729 square feet and is zoned T-5 Miami 21, allowing for 65 units per acre. The site features 120 feet of frontage on NW 12th Avenue and 175 feet along 55th Street. Under the Live Local Act, the property can accommodate more than 250 units per acre with the potential for up to 8 stories and market rents are compatible. A bus stop is conveniently located in front of the site. Situated at the northeast corner of NW 12th Avenue and 55th Street in the city of Miami, this location is in close proximity to the Miami Health Center, Wynwood, and Magic City. There is potential for assemblage, increasing the total area to 35,000 square feet. Opportunity zone!!!
1190 NW 55th St, Miami, FL, 33127
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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