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Property profile & analytics
OFF-MARKET
Commercial real estate

2900 Miami Ave Miami, FL 33129

Property ID
US18-5213747
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AEI USA Architectural Designer
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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