1601 SW 3rd St 0.2 Acres of Commercial Land Offered at $1,730,000 in Miami, FL 33135

INVESTMENT HIGHLIGHTS

  • The site features approved permits and paid impact fees
  • Amenities nearby include department and grocery stores
  • Convenient to Downtown Miami and Brickell
  • Minutes from Miami International Airport and walking distance to LoanDepot Park

EXECUTIVE SUMMARY

1601 SW 3rd St is a prime development site located in Little Havana, Miami. This T4-L zoned corner lot is approved for the construction of 14 affordable housing units, including 9 two-bedroom and 5 one-bedroom units, with on-site parking for 11 vehicles. All permits have been finalized and impact fees are fully paid. The land is ready for immediate development. The projected sell value of the completed project is approximately $5.2 million. The property is in close proximity to Miami International Airport, major roadways, and public transportation. Nearby amenities include grocery and department stores, and the site is within walking distance of local sports venues and cultural attractions. Located in a high-demand area undergoing continued growth, this site offers a functional and efficient option for residential development.

PROPERTY FACTS

Price $1,730,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Subsidized
Total Lot Size 0.20 AC
Zoning T4-L-GENERAL URBAN ZONE - Commercial Business

1 LOT AVAILABLE

Lot

Price $1,730,000
Price Per AC $8,497,846.07
Lot Size 0.20 AC

DESCRIPTION

The property is located less than one mile from LoanDepot Park, home of the Florida Marlins, and just five minutes from the University of Miami. It is also in close proximity to Miami International Airport, major transportation routes, and local beaches. Nearby amenities include grocery and department stores, with additional recreational and cultural venues within walking distance. Situated in one of Miami’s fastest-growing neighborhoods, this site offers a ready-to-build residential project in a well-connected urban setting.

Walk Score®
Walker's Paradise (92)

PROPERTY TAXES

  • Listing ID: 35680716

  • Date on Market: 4/29/2025

  • Last Updated:

  • Address: 1601 SW 3rd St, Miami, FL 33135