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    6345 1St Ave Miami, FL 33138

    For Sale
    $327,135

    Prime Miami lot, buildable, T5 zoning.

    Property size:
    4,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4,750 square foot residential lot, located at 6345 NE 1st Ave, Miami, FL 33138, presents a unique development opportunity. Zoned T5-R, this fee-simple property offers the potential to build two units, according to the provided information. The lot boasts approximately 52 feet of frontage on NE 1st Avenue and a depth of nearly 95 feet, totaling 0.11 acres. This centrally located parcel is situated in the Little River subdivision, a vibrant area just northwest of Edgewater and NIMO neighborhoods, offering convenient access to Downtown Miami, Miami Beach, and North Miami Beach. The property's location within Little River provides developers with significant advantages, given its proximity to thriving neighboring communities. While the assemblage of four similar lots offers the potential to build twenty-three units, this listing focuses on the individual 4,750 square foot parcel. The asking price for this single lot is $327,135. The parcel's APN is 0131130560090. This is an excellent opportunity for investors and developers seeking to capitalize on Miami's dynamic real estate market. The information provided suggests a buildable unit potential of two units for this specific lot.

    Property Features for 6345 1St Ave

    General Information

    Property type
    Land
    Square Feet
    4,750 SF

    HighLights

    • 0.11‑acre lot with 52ft of frontage on NE 1st Ave.
    • 4,750 square foot lot.
    • T‑5, R zoned lot.
    • Two buildable units; individual lot price: $327,135.
    • Entire assemblage priced at $2,192,148.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -80.1941
    Latitude
    25.834414

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    FAQs

    What type of property is this?
    Land - Prime Miami lot, buildable, T5 zoning.
    Where is this land located?
    The property is located at 6345 1St Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $327,135.
    What are key features of this property?
    This property features: 0.11-acre lot with 52ft of frontage on NE 1st Ave.; 4,750 square foot lot.; T-5, R zoned lot.
    (305) 602-0360
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    6345 1St Ave Miami, FL 33138
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    Miami, FL 33138
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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
    6345 1St Ave Miami, FL 33138
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