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    2728 3Rd St Miami, FL 33125

    Sponsored
    For Sale
    $625,000

    Prime Miami land, 6,000 sqft, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6,000 square foot development site is located in the vibrant Little Havana neighborhood of Miami, Florida, at 2728 NW 3rd St, zip code 33125. The property, classified as a Class C multifamily site, offers a unique opportunity for investors seeking high-growth potential. Built in 1937, the existing structure is a single-unit building currently listed at $625,000. Its strategic location provides excellent access to major employment centers throughout Miami, benefiting from strong transit connections and high walkability. Little Havana's rich culture and thriving local scene add significant appeal. The area is experiencing a surge in new residential construction, increasing population density and attracting retailers to meet the growing consumer demand. This makes this 6,000 square foot lot a compelling investment prospect for those looking to capitalize on the neighborhood's dynamic growth and strong fundamentals. The property is zoned T4-L, providing flexibility for various development options. This is a rare chance to acquire a well-positioned asset in a rapidly developing area of Miami.

    Property Features for 2728 3Rd St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Built
    1937
    Units
    1
    Property Profile 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
    -80.2397527
    Latitude
    25.7753457

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami land, 6,000 sqft, high potential.
    Where is this multifamily property located?
    The property is located at 2728 3Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $625,000.
    (305) 281-4469
    Request Owner's contact information
    2728 3Rd St Miami, FL 33125
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    Miami, FL 33125
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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
    2728 3Rd St Miami, FL 33125
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