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    291 NW 37Th Ave Miami, FL 33125

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    For Sale
    $11,000,000

    Development site near Magic City Casino with mixed-use potential.

    Lot size:
    0.70 Acres

    Property Features for 291 NW 37Th Ave

    General Information

    Lot size
    0.70 Acres

    Building Details

    Year built
    1945

    Source: Keller Williams Realty Premier Properties Agent Oscar Valdes

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

    Overview

    Miami Development Opportunity Near Casino

    This development opportunity is located directly across from Magic City Casino in Miami. The property includes a 10,082-square-foot building on a 30,600-square-foot lot, with 59 parking spaces. It is zoned T6-8-O under the City of Miami's Miami 21 zoning code, which allows for high-density mixed-use development. Permitted uses include residential, commercial, hospitality, and office. The zoning allows a density of 150 units per acre by right, and up to 1,000 units per acre through Florida's Live Local Act. This unlocks potential for multifamily, hotel, retail, or mixed-use projects. The site features frontage, visibility, and access to major thoroughfares, making it suitable for development in a commercial corridor.
    Location Intelligence

    Current Use by Public Records

    Vior Funeral Home Funeral Home

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.255002
    Latitude
    25.768904

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    FAQs

    What type of property is this?
    Commercial land - Development site near Magic City Casino with mixed-use potential.
    Where is this commercial land located?
    The property is located at 291 NW 37Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: - High-density development potential: Zoned T6-8-O, allowing for mixed-use projects.; - Exceptional unit density potential: Permits 150 units per acre by right, and up to 1,000 units per acre through Florida's Live Local Act.; - Prime location: Directly across from Magic City Casino in the heart of Miami.
    (786) 587-8618
    Request Owner's contact information
    291 NW 37Th Ave Miami, FL 33125
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    Miami, FL 33125
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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
    291 NW 37Th Ave Miami, FL 33125
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