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    1448 2Nd Ave Miami, FL 33136

    For Sale
    $1,599,000

    Prime Miami location, high-density zoning, 35+ unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional multifamily development opportunity is located at 1448 NW 2nd Ave, Miami, Florida, 33136, in Miami-Dade County. Currently listed at $1,599,000, this property presents a unique chance to capitalize on a vibrant and growing area. The property boasts commercial/residential T5 zoning, allowing for significant development potential. Bonus zoning permits the addition of two stories, maximizing buildable space and unit count. With the highest density zoning in the area, the potential for residential units is estimated at up to 35. The property's location within an Opportunity Zone further enhances its investment appeal. A readily available workforce adds to the project's feasibility. The property is being sold "AS-IS" with the possibility of owner financing up to a maximum of 30%. Prospective buyers are responsible for conducting their own due diligence to verify all aspects of the property and its potential. This is a remarkable chance to create a substantial multifamily development in a prime Miami location. The high density zoning and potential for numerous units make this a highly attractive investment.

    Property Features for 1448 2Nd Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Exceptional multifamily development opportunity in Miami, FL, listed at $1,599,000.
    • Commercial/residential T5 zoning with bonus zoning allowing two additional stories.
    • High‑density zoning permits up to 35 residential units.
    • Located in an Opportunity Zone.
    • AS‑IS sale with potential owner financing up to 30%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1988466
    Latitude
    25.7893776

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami location, high-density zoning, 35+ unit potential.
    Where is this multifamily property located?
    The property is located at 1448 2Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Exceptional multifamily development opportunity in Miami, FL, listed at $1,599,000.; Commercial/residential T5 zoning with bonus zoning allowing two additional stories.; High-density zoning permits up to 35 residential units.
    Request Owner's contact information
    1448 2Nd Ave Miami, FL 33136
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    Miami, FL 33136
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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
    1448 2Nd Ave Miami, FL 33136
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