1630 51St St Miami, FL 33142
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.