345 NW 3rd St Miami, FL 33128

Listing agency Porosoff Group a**@porosoff.com Show Phone

Listed by Arthur Porosoff · License #3160379

Source Crexi

Added: Apr 11 Updated: Jul 21 at 7:05PM Checked: Jul 21 at 7:05PM

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Investment Insights

Based on property information with market context.

The Porosoff Group of Compass Commercial is pleased to present 345 NW 3rd Street, a vacant 22-unit apartment building. Built in 1926 and situated on a 7,500 SF lot, the property is currently in shell condition and will require a complete renovation. The building will be delivered with a full set of plans for the renovation, including a proposed unit mix of 16 two-bedroom, two-bath units; 2 two-bedroom, one-bath units; and 4 one-bedroom, one-bath units. Plans also call for a basement-level laundry facility. A ground-floor commercial space and a covered terrace are included at the street level.

The property is located across the street from Lummus Park and near major development activity in the area, including the Sawyer’s Walk project and Miami Central. Other nearby projects referenced include “Gallery at Lummus Parc,” the Culmer Gardens mixed-income development, and continued growth in commercial uses connected to the Lummus Park / Miami River area.

Zoned T6-8L, the offering includes the opportunity to complete the renovation per the submitted plans for both the residential units and the ground-level commercial component.

Key Highlights

• 22‑unit vacant multifamily building with one ground‑floor commercial space (no existing cash flow).
• Built in 1926 on a 7,500 SF lot zoned T6‑8L.
• Delivered in shell condition with a full set of plans for a complete renovation.

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FAQs

What type of property is this?

Apartment building - Vacant 22-unit multifamily building with one ground-floor commercial space, delivered in shell condition for full renovation.

Where is this apartment building located?

The property is located at 345 NW 3rd St Miami, FL.

What are key features of this property?

This property features: 22‑unit vacant multifamily building with one ground‑floor commercial space (no existing cash flow).; Built in 1926 on a 7,500 SF lot zoned T6‑8L.; Delivered in shell condition with a full set of plans for a complete renovation.