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Property profile

1630 51St St Miami, FL 33142

OFF-MARKET
Specialty properties
Property ID
US18-4686992
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Property summary

AI-generated overview

This exceptional development opportunity presents a unique chance to acquire three contiguous lots totaling 17,960 square feet in the desirable Miami, Florida area. Strategically located on a corner lot at the intersection of NW 17th Ave and NW 51st St, this property boasts a prime address in Miami-Dade County, zip code 33142. The seller is currently in the process of merging the three parcels (5011 NW 17th Ave, 5031 NW 17th Ave, and 1630 NW 51st St) for a seamless acquisition. This simplifies the transaction and offers a significant advantage for developers. The property is zoned T-5-O by the City of Miami, presenting a wide range of potential development options. With its substantial size and strategic location, this property is ideal for a variety of projects, making it an attractive investment for discerning buyers seeking a high-impact development opportunity in a thriving Miami market. The asking price for this combined parcel is $1,100,000. This represents a compelling value proposition given the location, size, and zoning potential. Don't miss this chance to secure a prime piece of Miami real estate.

Property profile

Verified
Property type Specialty properties
UPID US18-4686992

Cap rate & NOI

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

Location

1630 51St St Miami, FL 33142
Miami metro
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Value estimations

Realmo proprietary · 4 methods
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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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