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    1510 16Th St Miami, FL 33125

    For Sale
    $2,100,000

    Prime 13,190 SF lot, 8-story plans ready.

    Property size:
    13,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 13,190 square foot development opportunity is located in the heart of Miami, Florida, at 1510 NW 16th St, 33125, in close proximity to the University of Miami Medical Campus. Currently listed at $2,100,000, this special purpose property presents a unique chance to capitalize on a thriving urban market. The site is perfectly positioned for immediate development, with complete architectural plans already in place for an eight-story building. These plans encompass 35 residential units and a ground floor commercial space, providing a diverse revenue stream potential. The land itself is 13,190 square feet, offering ample space for the proposed construction. All necessary preparations for building have been completed, streamlining the development process and minimizing delays. This turnkey project is ideal for investors seeking a high-return opportunity in a rapidly growing area of Miami. The property's strategic location near the UM Medical Campus ensures strong demand for both residential and commercial spaces. This is a rare chance to acquire a fully prepared development site in a prime Miami location. Don't miss this exceptional investment opportunity.

    Property Features for 1510 16Th St

    General Information

    Property type
    Specialty properties
    Square Feet
    13,190 SF

    HighLights

    • $2,100,000 asking price.
    • Special purpose property.
    • 13,190 square feet building and lot size.
    • Located at 1510 NW 16th St, Miami, FL 33125, near UM Medical Campus.
    • Development opportunity: Ready‑to‑submit plans for an 8‑story, 35‑unit building with ground floor commercial space.
    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 Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.220402829807
    Latitude
    25.789898924716

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    FAQs

    What type of property is this?
    Specialty property - Prime 13,190 SF lot, 8-story plans ready.
    Where is this specialty property located?
    The property is located at 1510 16Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price.; Special purpose property.; 13,190 square feet building and lot size.
    Request Owner's contact information
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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
    1510 16Th St Miami, FL 33125
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