242 12Th Ave Miami, FL 33128
Call to check price and availability
Prime Little Havana location, redevelopment opportunity.
Property size:
2,393 SFProperty Features for 242 12Th Ave
General Information
- Property type
- Multifamily properties
- Square Feet
- 2,393 SF
Building Details
- Year Built
- 1925
- Buildings
- 1
- Stories
- 2
- Units
- 4
Listing Agency: the keyes company Listing Agent: Rossana Siccardi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property in Miami's vibrant Little Havana neighborhood presents a compelling redevelopment opportunity. Situated on a 5,000 square foot lot at 242 NW 12th Ave, 33128, this 2,393 square foot building currently operates as a four-unit apartment building with 100% occupancy, offering immediate rental income. The property boasts a T6-8-O Urban Core Zone designation, allowing for the construction of an eight-story or taller building, significantly increasing density. The existing structure, built in 1925, is a two-story building currently configured as office space and apartments, with potential for conversion to larger units. The property includes eight parking spaces. The asking price is $1,500,000, translating to $626.83 per square foot. This represents a significant investment opportunity, particularly given the property's location within the Urban Development Boundary, proximity to major highways (836 expressway), and its close proximity to Marlins Stadium, Jackson and UM medical centers, Downtown Miami, and Brickell. The property is eligible for Live Local Incentives, offering potential tax benefits and increased density. Owner financing with 50% down is a possibility. The property is currently fully occupied
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Carbone Anthony
Law Firm
Cutrone Jerrard
Law Firm
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.214688720825
- Latitude
- 25.776395821016
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Prime Little Havana location, redevelopment opportunity.
Where is this multifamily property located?
The property is located at 242 12Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Located within the Urban Development Boundary.; Zoned T-6-8-O Urban Core, allowing for high-density development; 10-story buildings are nearby.; Owner financing may be available.
