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    3002 NW 7Th Ave Miami, FL 33127

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    For Sale
    $2,800,000

    Prime 0.42-acre development site near Wynwood, Midtown, and Design District.

    Lot size:
    0.42 Acres

    Property Features for 3002 NW 7Th Ave

    General Information

    Lot size
    0.42 Acres

    Building Details

    Year built
    1928

    Source: Wolf Co Real Estate Agent Barrett Wolf

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Development Opportunity For Sale

    This property presents an opportunity to acquire four contiguous parcels totaling 18,320 square feet (0.42 acres). The site includes 3,504 square feet of existing improvements that are currently income-producing. T4 zoning supports immediate activation for various uses such as boutique retail, outdoor markets, and food and beverage concepts. The surrounding area features multifamily developments, indicating potential for higher-intensity designations and Live Local overlays. The property is positioned between Wynwood, Midtown, and the Design District, offering visibility and connectivity, with proximity to I-95, Miami International Airport (MIA), and Downtown.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tipico Hondureño Honduran Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.20761
    Latitude
    25.805255

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    FAQs

    What type of property is this?
    Commercial land - Prime 0.42-acre development site near Wynwood, Midtown, and Design District.
    Where is this commercial land located?
    The property is located at 3002 NW 7Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - High-growth Miami corridor location with unparalleled development potential.; - Four contiguous parcels totaling 18,320 SF (0.42 acres).; - Income-producing property today with 3,504 SF of existing improvements.
    (305) 542-3507
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    3002 NW 7Th Ave Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3002 NW 7Th Ave Miami, FL 33127
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