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2728 NW 3rd - West Little Havana Commercial Lot 0.14 Acres of Commercial Land Offered at $525,000 in Miami, FL 33125
Investment Highlights
- Strategic West Little Havana Location
- Urban Infill Development Opportunity
- Multifamily Development Potential
- Potential for Greater Development Through Assemblage
Executive Summary
Approximately 0.138 acres with a 50' × 120' lot configuration, providing a compact urban development site with an existing approximately 856 SF structure that can be repositioned or replaced.
The property is zoned T4-L (General Urban – Limited) under Miami 21. T4-L permits multiple residential formats as well as selected commercial, office, lodging, and neighborhood-oriented uses, providing flexibility for future redevelopment.
T4-L provides a maximum base density of 36 dwelling units per acre. This represents approximately 5 units of base density, subject to final site-plan review, applicable regulations, and approvals.
The existing approximately 856 SF single-family structure represents the current use, while the property's greater strategic value may lie in its underlying urban land and zoning. The opportunity is therefore suited to developers and investors seeking land appreciation, redevelopment, or future assemblage potential rather than traditional residential income.
The property is zoned T4-L (General Urban – Limited) under Miami 21. T4-L permits multiple residential formats as well as selected commercial, office, lodging, and neighborhood-oriented uses, providing flexibility for future redevelopment.
T4-L provides a maximum base density of 36 dwelling units per acre. This represents approximately 5 units of base density, subject to final site-plan review, applicable regulations, and approvals.
The existing approximately 856 SF single-family structure represents the current use, while the property's greater strategic value may lie in its underlying urban land and zoning. The opportunity is therefore suited to developers and investors seeking land appreciation, redevelopment, or future assemblage potential rather than traditional residential income.
Property Facts
| Price | $525,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.14 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | T4-L - Allowable Uses: Multifamily Housing, Live-Work, Bed & Breakfast, Office, Restaurant, Recreational Facility, Religious Facility etc | ||
| Price | $525,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.14 AC |
| No. Stories | 1 |
| Zoning | T4-L - Allowable Uses: Multifamily Housing, Live-Work, Bed & Breakfast, Office, Restaurant, Recreational Facility, Religious Facility etc |
1 Lot Available
Lot
| Price | $525,000 | Lot Size | 0.14 AC |
| Price Per AC | $3,804,347.83 |
| Price | $525,000 |
| Price Per AC | $3,804,347.83 |
| Lot Size | 0.14 AC |
Well-positioned infill site in central Miami, with convenient access to Downtown Miami, Brickell, Calle Ocho, Miami International Airport, major employment centers, and regional transportation corridors.
Description
The existing approximately 856 SF single-family structure represents the current use, while the property's greater strategic value may lie in its underlying urban land and zoning. The opportunity is therefore suited to developers and investors seeking land appreciation, redevelopment, or future assemblage potential rather than traditional residential income.
Very walkable
80/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-4104-012-1150 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $178,444 |
Property Taxes
Parcel Number
01-4104-012-1150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$178,444
Contacts
-
Louis McMillian -
Michael McCourt -
Joel Rodriguez -
Yeries Musiet Weitzel -
Global Investments Realty, Inc.
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