Property profile

2900 S Miami Ave Miami, FL 33129

FOR SALE
Specialty properties
Property ID
US18-5213747
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional multi-folio sale presents a turnkey development opportunity in Miami, Florida. Located at 2900 S Miami Ave, Miami, FL 33129, this vacant land parcel offers an approved site plan for the construction of two single-family homes and fifteen villas, totaling seventeen units. The property encompasses a buildable area of up to 45,012 square feet. Currently, there is one income-producing home on the site, although the tenancy is month-to-month with no signed leases, and three additional houses slated for demolition. The asking price for this remarkable opportunity is $7,500,000. This gated urban community boasts frontage along North Miami Avenue and South Federal Highway, featuring established drainage systems and mature trees. The location is highly desirable, with strong demand for single-family homes, villas, and townhouses. Its proximity to Key Biscayne beaches, Coconut Grove, the Brickell Business District, Brickell City Centre Mall, and Bayside Marketplace adds significant value. This is a rare chance to acquire a fully entitled and buildable site in a prime Miami location, ready for immediate development. The property is situated in Miami-Dade County and offers unparalleled access to some of Miami's most sought-after destinations.

Property profile

Verified
Property type Specialty properties
UPID US18-5213747

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Architectural Designer

Location

2900 S Miami Ave Miami, FL 33129
Miami metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message