5235 7Th Ave Miami, FL 33127

Property Details for 5235 7Th Ave

Property type

Commercial real estate

APN

01-3124-013-2400

Description

This exceptional investment opportunity encompasses two parcels totaling nearly 24,000 square feet of developable land in Miami's West Little River neighborhood, zoned T5-O. The property is strategically located on a major north-south corridor with high daily traffic counts (24,000 vehicles), offering excellent visibility and accessibility. One parcel features a nearly 13,000 square foot lot with a 2,000+ square foot building currently operating as a well-established funeral home, generating a gross monthly income of $3,500 under a month-to-month lease. This presents a unique opportunity for continued income generation or redevelopment. The second parcel is a vacant corner lot, ideal for mixed-use development incorporating retail components. Both properties benefit from their proximity to I-95, NW 79th Street, and NW 36th Street, providing easy access to major transportation arteries. The area is experiencing significant growth, fueled by nearby large-scale developments such as the Related Group's Liberty Square project and the proposed 5,000-unit development by the Swerdlow Group. This prime location offers convenient access to Downtown Miami, Miami Beach, the Port of Miami, Design District, Midtown, Miami International Airport, Wynwood, and the MiMo District. The asking price is $2,150,000, with a land value of $89 per square foot. The properties can be purchased together or separately. This is a rare chance to capitalize on the burgeoning growth of West Little River.