Property profile

218-240 7Th Ave Miami, FL 33135

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 20,000 square foot commercial development site is ideally situated in the heart of Miami's vibrant Little Havana neighborhood. Located at 218-240 SW 7th Avenue, this property boasts a T4R zoning designation and has approvals for a 16-unit townhome project, allowing for a swift commencement of construction post-closing. The site's central location offers easy access to key amenities and attractions. Its position between SW 2nd and SW 3rd Streets, with SW 8th Avenue completing the block to the west, provides excellent visibility and accessibility. Across the street lies General Jose Francisco Morazan Quesada Park, featuring a baseball field, basketball courts, and a playground. Furthermore, the property enjoys proximity to the Miami River and Jose Marti Park, both within a 10-minute walk, offering residents access to river views, a pool, a gym, and another playground. The property includes three APNs: 01-0202-020-1220; 01-0202-020-1210; 01-0202-020-1030. Nine existing parking spaces are also on the site. This presents a unique opportunity for investors seeking a fast-track development project in a high-demand location. The property is located in Miami-Dade County, Florida, zip code 33135.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

218-240 7Th Ave Miami, FL 33135
Miami metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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