Located in the heart of Little Havana, 242 NW 12th Ave presents a compelling opportunity for investors and developers seeking both current cash flow and long-term upside. Situated on a 5,000 sq ft lot, this two-story mixed-use building offers approximately 2,393 sq ft of existing improvements in one of Miami’s most active urban corridors. The property is zoned T6-8-O (Urban Core), providing flexibility for high-density redevelopment, including multifamily or mixed-use projects, subject to city approval. The existing configuration allows for a combination of commercial/office use and multiple residential units, making it well-suited for an income-producing hold or future repositioning. Constructed in 1925, the building features solid construction, central air conditioning, and on-site parking, adding to its functional appeal. The property is currently occupied by long-term tenants, offering immediate revenue potential while plans for future development or renovation are explored (do not disturb occupants). Highlights Include: Mixed-use asset with residential and commercial potential T6-8-O zoning allowing for significant density and redevelopment 5,000 sq ft lot with 2,393 sq ft of existing structure Multiple unit configuration with income in place On-site parking Located within Miami’s Urban Development Boundary .

This listing is courtesy of Alessandro Lima at Compass Florida, LLC em:alima@realtormiami.net ph:305-281-4469.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0141020057520 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 01-1020-005-7520 (0141020057520)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 242 NW 12 Ave
City: Miami
State: Florida
Zip Code: 33128-1011 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 2,393
Actual Square Feet: 2,393
Adjusted Square Feet: 2,197
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Lot Size - English*
Lot Size (sf): 5,000
Lot Size (acres): 0.11
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Building Size - Metric*
Living Square Meters: 222.32
Actual Square Meters: 222.32
Adjusted Sq M: 204.11
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Lot Size - Metric*
Lot Size (sq m): 465
Lot Size (ha): 0.05
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Zoning & Land Use*
Land Use: 1209 - Mixed Use-store/residential : Mixed Use - Residential
Zoning: 6100 - Commercial - Neighborhood
Municipal Zoning: T6-8 O (Miami)
All Listed | All Properties
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Prior Sale*
Type: Sales type info not available
Qual: Q
Date: 01/01/2005
Amount: $280,000
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Prior Sale #2* (Second to Last)
Type: Sales type info not available
Qual: Q
Date: 12/01/2003
Amount: $184,500
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Prior Sale #3* (3rd to Last)
Type: Sales type info not available
Qual: Q
Date: 06/01/1998
Amount: $113,000
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Taxable Values*
Tax Year: 2024
Land: $500,000
Building: $110,539
Total: $610,539
Assessed: $509,441
County Taxable: $509,441
City Taxable: $509,441
Mill Code: 0100
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Ownership*
Owner 1: Carnini Prop Inc
Mailing Address: 242 Nw 12 Ave
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33128-1011
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Building Information*
Stories: 1
Units: 1
Year Built: 1925
Effective Year Built: 1925
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Legal Description*
Legal Description Concatenated: 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

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.