Building Details

Construction industrial/contemporary

Listing Agency: Fausto Commercial Realty Consultants m*@faustocommercial.com Show Phone

Listed By: Mauricio Villasuso · License #3254982

Source: Crexi

Added: Apr 11 Changed: Aug 21 Last Checked: Aug 29 at 2:58AM

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Investment Insights

Based on property information with market context.

This for-sale development site includes fully approved plans for a 12-unit multifamily building featuring 12 studios. The approved scope calls for a 5,800 SF building on a 5,000 SF site, designed with efficient industrial/contemporary concepts intended to support a straightforward, rapid construction start. The project is described as ready to begin construction immediately, with a parking exemption that has been approved.

The site is located in Miami, with the public remarks citing proximity to the Health & Civic Center and access to nearby lifestyle amenities. Estimated annual revenue is stated as above $270,000.

The offering is structured around the approved plans and site readiness, giving the buyer a clear path to construction for the planned 12 studio units.

Key Highlights

• 5,800 SF building with approved plans for 12 studio units
• Fully approved plans to start construction immediately
• Parking exemption approved as part of the development plan

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher Carpet & Flooring Store Pet Grooming Service Restaurant (Bike/Boat/Book/etc) Store Farmer's 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

12

Residential units

Location Intelligence

Trade Area within ½ mile

3,061

Businesses Nearby

Explore this area Business Placement

Demographics for 33125, FL

53,507

Population

22,496

Households

2.4

Avg Household Size

43

Median Age

22%

College-Educated

69%

High-School Grad

3.9 sq mi

ZIP Area

13,720

Density / Sq Mi

$40,940

Median Household Income

$30,648

Median Earnings

$1,427

Median Rent

$377,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Approved plans call for 12 studio units in a 5,800 SF building, with a parking exemption already approved.

Where is this apartment building located?

The property is located at 316 NW 13 Avenue Miami, FL.

What are key features of this property?

This property features: 5,800 SF building with approved plans for 12 studio units; Fully approved plans to start construction immediately; Parking exemption approved as part of the development plan