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    735 3Rd St Miami, FL 33130

    For Sale
    $1,500,000

    15,000 SF Miami Land, $1.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 15,000 square foot commercial land parcel in Miami's East Little Havana presents a lucrative investment opportunity. Located at 735 SW 3rd Street, 33130, this T4-R zoned property offers immense potential for multi-family development. Plans have been reviewed and approved for a 24-unit, two-bedroom, one-bathroom building, incorporating one parking space per unit and flexibility for amenities. The site's prime location provides easy access to Brickell, Downtown Miami, the Health District, and Miami Beach via the 836 Highway. Residents will enjoy proximity to fine dining, shopping, parks, and the A-rated Ada Merritt K-8 Center, just one block away. The high demand for housing in this rapidly growing submarket, coupled with sub 2% vacancy rates and rising rental costs, makes this an ideal infill development project. The property's zoning allows for either a market-rate project of 12 units or a City of Miami double-density workforce housing project of 24 units, with a mix of AMI levels (30%, 50%, and 100%). This is a truly exceptional opportunity to capitalize on the vibrant culture and strong economic growth of East Little Havana. The asking price is $1,500,000.

    Property Features for 735 3Rd St

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price for 15,000 square feet of commercial land.
    • Located at 735 SW 3rd St, Miami, FL 33130, in Miami‑Dade County.
    • Zoned T4‑R, suitable for multi‑family development.
    • Potential for 12‑24 unit multi‑family development.
    • Prime location near Brickell, Downtown Miami, and the Health District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2067524
    Latitude
    25.7711106

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    FAQs

    What type of property is this?
    Land - 15,000 SF Miami Land, $1.5M
    Where is this land located?
    The property is located at 735 3Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for 15,000 square feet of commercial land.; Located at 735 SW 3rd St, Miami, FL 33130, in Miami-Dade County.; Zoned T4-R, suitable for multi-family development.
    (305) 340-8901
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    Miami, FL 33130
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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
    735 3Rd St Miami, FL 33130
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