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    7488 2Nd Ave Miami, FL 33138

    Sponsored
    For Sale
    $3,500,000

    Prime Miami location, high potential.

    Property size:
    5,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25,332 square foot lot, located at 7488 NE 2nd Ave in Miami, Florida (zip code 33138), presents a compelling investment opportunity in Miami's rapidly evolving Little River neighborhood. Currently zoned D2, this mixed-use property boasts a 5,460 square foot building and offers a multitude of development possibilities. By-right allowances permit an 8-story building with 182,390 square feet of buildable space. However, the potential is significantly amplified by the Live Local Act (SB102), which could allow for a 19-story structure with approximately 433,177 square feet of buildable space. Permitted uses are extensive and include multi-family (under SB102), industrial, flex warehouse, office, retail, restaurant, entertainment, and storage. The property's hard corner location and proximity to the Little River Business District, coupled with several nearby large-scale development projects (including at least two with a combined 357 planned residential units), make this an ideal site for significant returns. The asking price is $3,500,000. While the provided buildable square footage estimates under SB102 are approximate, interested parties are encouraged to conduct their own due diligence and consult with their design professionals for precise calculations. This is a rare chance to capitalize on the explosive growth in Little River.

    Property Features for 7488 2Nd Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,460 SF

    Building Details

    Buildings
    1

    HighLights

    • 25,332 SF lot.
    • 5,460 SF building.
    • D2 zoning.
    • 8‑story height allowance by right; 19 stories with Live Local.
    • 182,390 SF buildable by right; approximately 433,177 SF with Live Local.
    • 90% maximum lot coverage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -80.1929725
    Latitude
    25.8437222

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Miami location, high potential.
    Where is this lifestyle center located?
    The property is located at 7488 2Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 25,332 SF lot.; 5,460 SF building.; D2 zoning.
    Request Owner's contact information
    7488 2Nd Ave Miami, FL 33138
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    Miami, FL 33138
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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
    7488 2Nd Ave Miami, FL 33138
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