437 30Th St Miami, FL 33137
- Land
- 5,220 SF
Current Use by Public Records
- Land
Property Details for 437 30Th St
- Year built
- 1918
- Property size
- 5,220 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional redevelopment opportunity presents a 7-unit, 2-story apartment building situated on a 5,500 square foot lot in Miami's highly desirable Edgewater neighborhood. The property, boasting 5,220 square feet of net rentable space, is currently configured as seven individual units, each leased on a month-to-month basis, providing flexibility for future plans. Built in 1918, the Class C building presents a significant upside for investors seeking to capitalize on Edgewater's robust growth trajectory, rivaling even Brickell and Downtown Miami in recent sales success. The property's favorable T6-36a-L zoning designation unlocks substantial development potential. This zoning allows for up to 66,000 buildable square feet and a maximum of 18 units, with the added possibility of increasing the Floor Lot Ratio (FLR) by up to 40% through public benefits. Its prime location near Biscayne Boulevard offers convenient access to Miami International Airport (15-minute drive) and the thriving Design District, Wynwood, Brickell, and Downtown Miami (5-minute drive). The asking price for this corporation-owned property is $3,500,000, representing a price per unit of $500,000. This presents a unique chance to acquire a well-positioned asset with significant upside in one of Miami's most dynamic neighborhoods. The property is located at 437 NE 30th St, Miami, FL 33137, in Miami-Dade County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1879
- Latitude
- 25.8054
