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11002 SW 3rd St 0.79 Acres of Commercial Land Offered at $6,000,000 in Miami, FL 33174
Investment Highlights
- Covered Land Play – Immediate in-place income from existing duplex units allows ownership to generate cash flow while planning future development
- ±36,400 SF Assemblage – Rare large-scale site in Sweetwater offering efficient layout and enhanced redevelopment potential
- Flexible Redevelopment Opportunity – Ideal for multifamily, student housing, or build-to-rent with multiple exit strategies
- Prime Location Adjacent to Florida International University – Strong, consistent rental demand driven by one of South Florida’s largest universities
- High-Growth Submarket – Located in a rapidly evolving Sweetwater / West Miami-Dade corridor with significant residential and commercial development ac
Executive Summary
Zoning information
Located adjacent to Florida International University within Sweetwater's rapidly evolving redevelopment corridor, the assemblage at 11002 SW 3rd Street presents a rare infill development opportunity comprised of five contiguous duplex parcels totaling approximately 36,400 square feet (0.84 acres). The property is currently improved with income-producing duplexes and is zoned RD (Duplex Residential), while also benefiting from its strategic location within the FIU growth corridor and the area contemplated by the City's University District Overlay expansion provisions pursuant to Section 2.05.25 of the Sweetwater Land Development Code. The site is surrounded by significant multifamily, student housing, and mixed-use development activity, including several recently approved high-density projects serving the FIU market. Given its location, assemblage size, and proximity to the University District, the property offers compelling potential for multifamily, workforce housing, student housing, townhome, or mixed-use redevelopment, subject to purchaser verification of zoning, overlay applicability, density allowances, and municipal approvals. Sweetwater has demonstrated a pro-development planning posture through recent density approvals, University District initiatives, and redevelopment-focused zoning activity, positioning this assemblage as a unique opportunity for developers seeking a well-located site within one of Miami-Dade County's most active university-oriented housing markets.
Located adjacent to Florida International University within Sweetwater's rapidly evolving redevelopment corridor, the assemblage at 11002 SW 3rd Street presents a rare infill development opportunity comprised of five contiguous duplex parcels totaling approximately 36,400 square feet (0.84 acres). The property is currently improved with income-producing duplexes and is zoned RD (Duplex Residential), while also benefiting from its strategic location within the FIU growth corridor and the area contemplated by the City's University District Overlay expansion provisions pursuant to Section 2.05.25 of the Sweetwater Land Development Code. The site is surrounded by significant multifamily, student housing, and mixed-use development activity, including several recently approved high-density projects serving the FIU market. Given its location, assemblage size, and proximity to the University District, the property offers compelling potential for multifamily, workforce housing, student housing, townhome, or mixed-use redevelopment, subject to purchaser verification of zoning, overlay applicability, density allowances, and municipal approvals. Sweetwater has demonstrated a pro-development planning posture through recent density approvals, University District initiatives, and redevelopment-focused zoning activity, positioning this assemblage as a unique opportunity for developers seeking a well-located site within one of Miami-Dade County's most active university-oriented housing markets.
Property Facts
| Price | $6,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.79 AC |
| No. Lots | 1 |
| Price | $6,000,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.79 AC |
1 Lot Available
Lot
| Price | $6,000,000 | Lot Size | 0.79 AC |
| Price Per AC | $7,553,754.40 |
| Price | $6,000,000 |
| Price Per AC | $7,553,754.40 |
| Lot Size | 0.79 AC |
The assemblage is comprised of 5 duplex's side by side on SW 3rd street with a total land size of 36,400 sf. The land assemblage is North of FIU main campus, and goes from the NE corner of SW 3rd street and SW 110 Ave avenue down SW 3rd street.
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
70/100
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