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    1827 3Rd St Miami, FL 33135

    For Sale
    $630,000

    6,356 SF Lot, Zoned T-5-R

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 6,356 square foot lot presents a prime development opportunity in Miami's vibrant Little Havana neighborhood. Located at 1827 SW 3rd St, Miami, FL 33135, this flat, clear lot is zoned T-5-R, offering significant potential for developers. The property's zoning allows for the construction of up to nine open market units or eighteen workforce housing units, catering to diverse development strategies. A key advantage is the existing agreement with the Water and Sewer Authority (WASA), eliminating the need for costly water main extensions, even with the maximum eighteen-unit build-out. This significantly reduces development costs and streamlines the construction process. The asking price for this exceptional property is $630,000. Its strategic location in Little Havana, combined with its zoning flexibility and infrastructure advantages, makes this a truly compelling investment prospect for developers seeking a high-return project in a rapidly growing area of Miami. The property's convenient location offers easy access to major transportation routes, local amenities, and the dynamic cultural scene of Little Havana. This is a rare opportunity to acquire a well-situated development site with minimal upfront infrastructure hurdles. Serious inquiries are encouraged.

    Property Features for 1827 3Rd St

    General Information

    Property type
    Specialty properties

    HighLights

    • 6,356 SF lot in Miami's Little Havana.
    • Located at 1827 SW 3rd St, Miami, FL 33135.
    • T‑5‑R zoning allows for up to nine market‑rate or eighteen workforce housing units.
    • Existing water and sewer agreement with WASA eliminates costly main extensions.
    • Asking price: $630,000.
    Property Profile Insight Report 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 Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.225344
    Latitude
    25.769964

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    FAQs

    What type of property is this?
    Specialty property - 6,356 SF Lot, Zoned T-5-R
    Where is this specialty property located?
    The property is located at 1827 3Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: 6,356 SF lot in Miami's Little Havana.; Located at 1827 SW 3rd St, Miami, FL 33135.; T-5-R zoning allows for up to nine market-rate or eighteen workforce housing units.
    Request Owner's contact information
    1827 3Rd St Miami, FL 33135
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    Miami, FL 33135
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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
    1827 3Rd St Miami, FL 33135
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