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437 30Th St Miami, FL 33137

For Sale
$3,500,000

7-Unit Multifamily, High Potential

Property size:
5,220 SF

Description

Added:
Dec 11, 2024
Days on Market:
365
This exceptional redevelopment opportunity presents a 7-unit, 2-story apartment building situated on a 5,500 square foot lot in Miami's highly desirable Edgewater neighborhood. The property, boasting 5,220 square feet of net rentable space, is currently configured as seven individual units, each leased on a month-to-month basis, providing flexibility for future plans. Built in 1918, the Class C building presents a significant upside for investors seeking to capitalize on Edgewater's robust growth trajectory, rivaling even Brickell and Downtown Miami in recent sales success. The property's favorable T6-36a-L zoning designation unlocks substantial development potential. This zoning allows for up to 66,000 buildable square feet and a maximum of 18 units, with the added possibility of increasing the Floor Lot Ratio (FLR) by up to 40% through public benefits. Its prime location near Biscayne Boulevard offers convenient access to Miami International Airport (15-minute drive) and the thriving Design District, Wynwood, Brickell, and Downtown Miami (5-minute drive). The asking price for this corporation-owned property is $3,500,000, representing a price per unit of $500,000. This presents a unique chance to acquire a well-positioned asset with significant upside in one of Miami's most dynamic neighborhoods. The property is located at 437 NE 30th St, Miami, FL 33137, in Miami-Dade County.

Property Features for 437 30Th St

General Information

Property type
Multifamily properties
Square Feet
5,220 SF
Class
C

Building Details

Year Built
1918
Buildings
1
Stories
2
Units
7

HighLights

  • Exceptional Edgewater location in a high‑demand neighborhood with strong recent sales comparable to Brickell and Downtown Miami.
  • Favorable T6‑36a (L) zoning permits up to 66,000 buildable square feet and 18 units, plus a potential 40% Floor Lot Ratio (FLR) increase through public benefits.
  • 7‑unit, 5,220 sq ft apartment building on a 5,500 sq ft lot.
  • $3,500,000 asking price; $500,000 per unit.
  • 1918 construction; two‑story building.
  • Held in corporation ownership.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Food Market Daycare Center 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
-80.187876057173
Latitude
25.805397880029

FAQs

What type of property is this?
Multifamily property - 7-Unit Multifamily, High Potential
Where is this multifamily property located?
The property is located at 437 30Th St Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Exceptional Edgewater location in a high-demand neighborhood with strong recent sales comparable to Brickell and Downtown Miami.; Favorable T6-36a (L) zoning permits up to 66,000 buildable square feet and 18 units, plus a potential 40% Floor Lot Ratio (FLR) increase through public benefits.; 7-unit, 5,220 sq ft apartment building on a 5,500 sq ft lot.
More about this property
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