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    5830 2Nd Ave Miami, FL 33137

    For Sale
    $2,990,000

    Prime Little Haiti location, 24,885 SF, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional opportunity presents a unique chance to acquire a four-parcel assemblage totaling 24,885 square feet of land in the vibrant Little Haiti neighborhood of Miami, Florida. Located on NE 2nd Avenue, this prime property boasts significant frontage and encompasses the entire north half of the block between NE 2nd Avenue and NE 1st Court. The assemblage consists of four contiguous lots, each with its own parcel identification number: 5830 NE 2nd Ave (T5-0 zoning), 154 NE 58 Terrace (T5-R zoning), 166 NE 58 (T5-R zoning), and 176 NE 58 Terrace (T5-R zoning). The T5 zoning allows for mixed-use development, permitting both residential and commercial construction up to five stories. Currently, an automotive business occupies Lot #1, while multifamily buildings are situated on Lots 2, 3, and 4. Income from these existing structures is unverified. This bulk sale presents a rare opportunity for redevelopment in a rapidly growing area, just blocks from the Magic City Innovation District, Design District, Buena Vista, Wynwood, and the Upper East Side. The asking price for this entire assemblage is $2,990,000, translating to a land value of $161 per square foot. Don't miss this chance to acquire a significant land holding in one of Miami's most dynamic neighborhoods.

    Property Features for 5830 2Nd Ave

    General Information

    Property type
    Land

    HighLights

    • Prime frontage on NE 2nd Ave in Little Haiti.
    • Four contiguous lots totaling 24,885 square feet.
    • Encompasses the entire north half of the block between NE 2nd Ave and NE 1st Court.
    • T5 zoning allows mixed‑use development up to five stories.
    • Exceptional redevelopment opportunity in a rapidly growing area near the Magic City Innovation District, Design District, Buena Vista, Wynwood, and Upper East Side.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Toolsucanuse Tool Rental Service

    Suggested Use

    Realty agency Law Firm 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
    -80.192026895964
    Latitude
    25.828951713436

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    FAQs

    What type of property is this?
    Land - Prime Little Haiti location, 24,885 SF, mixed-use potential.
    Where is this land located?
    The property is located at 5830 2Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,990,000.
    What are key features of this property?
    This property features: Prime frontage on NE 2nd Ave in Little Haiti.; Four contiguous lots totaling 24,885 square feet.; Encompasses the entire north half of the block between NE 2nd Ave and NE 1st Court.
    Request Owner's contact information
    5830 2Nd Ave Miami, FL 33137
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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
    5830 2Nd Ave Miami, FL 33137
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