735 3Rd St Miami, FL 33130
- Land
Current Use by Public Records
- Land
Property Details for 735 3Rd St
- Property type
- Land
Description
This exceptional 15,000 square foot commercial land parcel in Miami's East Little Havana presents a lucrative investment opportunity. Located at 735 SW 3rd Street, 33130, this T4-R zoned property offers immense potential for multi-family development. Plans have been reviewed and approved for a 24-unit, two-bedroom, one-bathroom building, incorporating one parking space per unit and flexibility for amenities. The site's prime location provides easy access to Brickell, Downtown Miami, the Health District, and Miami Beach via the 836 Highway. Residents will enjoy proximity to fine dining, shopping, parks, and the A-rated Ada Merritt K-8 Center, just one block away. The high demand for housing in this rapidly growing submarket, coupled with sub 2% vacancy rates and rising rental costs, makes this an ideal infill development project. The property's zoning allows for either a market-rate project of 12 units or a City of Miami double-density workforce housing project of 24 units, with a mix of AMI levels (30%, 50%, and 100%). This is a truly exceptional opportunity to capitalize on the vibrant culture and strong economic growth of East Little Havana. The asking price is $1,500,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2067
- Latitude
- 25.7711
