7 NE 42nd St Miami, FL

Listing office ELM Group at Keller Williams e***@elmrealestategroup.com Show Phone

Listing date Jul 6, 2023

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Investment Insights

Based on property information with market context.

This multifamily property is situated on a corner lot with 100 feet of frontage on N Miami Avenue. The property currently operates as a multifamily residence, featuring a 3-bedroom, 2-bathroom single-family home and a 1-bedroom, 1-bathroom apartment. Located on the border of Historic Buena Vista and Miami's Design District, it is positioned directly in front of The Centner Academy. The existing T3-O zoning can be transitioned to T4-O, offering multiple development opportunities. Potential uses include residential, office, commercial, or educational purposes. The property allows for construction of up to 3 floors or 11,998 square feet. The location benefits from traffic along N Miami Ave, the Design District, and Historic Buena Vista.

Key Highlights

• Corner lot with 100 feet of frontage on N Miami Avenue.
• Located on the border of Historic Buena Vista and Miami's Design District.
• T3‑O zoning, can be transitioned to T4‑O (development feasibility study available).

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FAQs

What type of property is this?

Multifamily property - Multifamily property near Design District with development potential.

Where is this multifamily property located?

The property is located at 7 NE 42nd St Miami, FL.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Corner lot with **100 feet of frontage on N Miami Avenue.**; Located on the border of Historic Buena Vista and Miami's Design District.; T3‑O zoning, can be transitioned to T4‑O (development feasibility study available).