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Eight-Story Multifamily Development Site
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424 SW 22 Ave, Miami, FL 33135

Current commercial tenant on site; zoning supports an eight-story structure with 27 units and additional vacant structures.

Property SizeContact for details
Days on Market141

Property Features for 424 SW 22 Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Listing Agency: Fausto Commercial Realty Consultants
Listed By: Mauricio Villasuso · License #3254982
Source: Crexi
Added: Apr 12 Changed: Aug 25 Last Checked: Aug 14 at 7:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants

Investment Insights

Based on property information with market context.

This multifamily development site includes existing structures, with a commercial tenant currently on site and other structures identified as vacant. The stated current zoning allows for an eight-story structure with 27 units, while combinations of retail applications are described as open.

The property is positioned between Coral Gables and Little Havana, with access noted to the 836 and Calle Ocho. The remarks also state the site is within minutes of Miami International Airport, Coral Gables, Jackson Multispecialty Health District, and Brickell.

For a buyer looking to reposition the site, the opportunity centers on the mix of existing tenancy plus vacant structures under an eight-story, 27-unit zoning framework, with retail application combinations indicated as available.

Key Highlights

  • Commercial tenant on site, with existing vacant structures that may support additional development.
  • Current zoning allows an eight‑story structure with 27 units.
  • Zoning supports 27 units priced at $28,700/unit (approx.).

Property Analytics

Current Use

Biscayne Bay Mansion ... Boat Rental Service

Suggested Use

Top Pick Real Estate Agency Butcher Carpet & Flooring Store (Bike/Boat/Book/etc) Store Acupuncture Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,326
Businesses Nearby

Demographics for 33135, FL

36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Current commercial tenant on site; zoning supports an eight-story structure with 27 units and additional vacant structures.
Where is this apartment building located?
The property is located at 424 SW 22 Ave Miami, FL.
What are key features of this property?
This property features: Commercial tenant on site, with existing vacant structures that may support additional development.; Current zoning allows an eight‑story structure with 27 units.; Zoning supports 27 units priced at $28,700/unit (approx.).
(305) 340-8901 Call to check price and availability
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