Property profile

3735 Washington Ave Miami, FL 33133

OFF-MARKET
Retail properties & Spaces
Property ID
US19-0038443
3,537 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a unique assemblage of five contiguous lots totaling 18,681 square feet in Miami's vibrant Coconut Grove neighborhood. Located at 3735 Washington Avenue and encompassing adjacent properties at 3442, 3424 SW 37th Avenue, 3714, and 3718 Washington Avenue, and 3719 Thomas Avenue, this assemblage offers significant potential for redevelopment. The combined land area provides substantial flexibility for a variety of uses, including multifamily, office, retail, or hospitality projects. The current asking price of $950,000 reflects the value of the individual lot at 3735 Washington Avenue, which is being sold as part of the larger assemblage and will not be sold separately. The property includes a 3,537 square foot building currently configured as an apartment building, medical office, and restaurant. The land value, based on the asking price, is a substantial $290.80 per square foot. This prime location in Coconut Grove offers excellent access to transportation, amenities, and a thriving community. Detailed information is available in the sales brochure. This is a rare opportunity to acquire a significant land holding in a highly desirable Miami location. Serious inquiries only.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,537 SF
UPID US19-0038443

Cap rate & NOI

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

Location

3735 Washington Ave Miami, FL 33133
Miami metro
Google Maps

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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