500 SW 3rd St, Miami FL 33130
Miami, FL 33130
$5,400,000
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- Price
- $5,400,000
- Building size
- 10,324
- Property type
- Income/MultiFamily
- Year built
- 1960
- Lot size (sq ft)
- 15,000
- MLS number
- A12088863
This listing is courtesy of J&Co. Commercial Real Estate, Inc., 786-796-6302.
About this property
500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.
Details
- Property type
- Income/MultiFamily
- Year built
- 1960
- Lot size (sq ft)
- 15,000
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC