Mixed-Use Property – 6,875 Square Feet in Opa-Locka, FL – Value-Add Opportunity with Industrial Zoning

Category: Mixed-Use

Price:$790,000

Location: Opa-Locka, FL

Year Built: 1957

Days on Market: 92

Description:

Presenting a unique value-add mixed-use asset with underlying industrial zoning, ideally situated along Opa-locka's main Ali Baba Avenue corridor. Positioned for upside and versatility, the site consists of an 8-unit rooming house-style residential building in the rear and a street-fronting automotive garage--directly across from the area's well-established industrial district. In need of renovation, the property is ideal for investors looking to unlock value through creative re-use, whether by reactivating the residential units as affordable housing, converting to storage, light industrial or office use, or removing the garage to create yard or parking space, the site offers multiple high-margin paths to transform and profit at a fraction of the acquisition cost.

Presenting a unique value-add mixed-use asset with underlying industrial zoning, ideally situated along Opa-locka's main Ali Baba Avenue corridor.

Listing Code: 1114581779