300 69Th St Miami, FL 33150
This exceptional 13,125 square foot double T3-O zoned lot in Miami's Little River neighborhood presents a unique investment opportunity. The property features a 2,815 square foot, single-story structure built in 1949, currently utilized as a residential building and church. The building boasts seven bedrooms and is situated on a sizable lot, offering significant potential for redevelopment. Past uses include a retirement facility, highlighting the property's versatility. The location is highly desirable, with proximity to thriving neighborhoods such as Biscayne Park, Miami Shores, the Design District, and Little Haiti. Its strategic position, three blocks east of I-95 and one mile west of Biscayne Boulevard, ensures excellent accessibility. While the interior requires modernization and renovations to suit a new purpose, the property's zoning and location make it ideal for a variety of uses, including multi-family development, an assisted living facility, a religious facility, daycare, adult care, student dormitories, or a retirement home. The asking price is $1,800,000. This property offers a rare chance to capitalize on the growth and potential of Miami's Little River area. The property consists of two buildings.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.