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Redevelopment Adjacent to Magic City Casino 291 NW 37th Ave 10,082 SF Retail Building Miami, FL 33125 For Sale
INVESTMENT HIGHLIGHTS
- T6-8-0. Corner Lot 0.70 Acres
- Corner lot.
- Live Local Eligible
EXECUTIVE SUMMARY
This offering presents a premier development opportunity located directly across the street from the Magic City Casino in the heart of Miami, Florida. The property totals 10,082 square feet of existing building area on a 30,600-square-foot lot with 59 parking spaces, offering exceptional flexibility as an existing stand alone building.
It is zoned T6-8-O, one of Miami’s most desirable and highest-density commercial designations. This allows 150 residential units per acre, which permits by right development of approximately 112 residential units. Additionally, under Florida’s Live Local Act, density can be increased up to 1,000 units per acre, significantly expanding the property’s potential for multifamily, hotel, retail, or mixed-use development.
The property’s prime frontage and proximity to major thoroughfares provide excellent visibility and accessibility for a variety of commercial applications. Its location directly across from Magic City Casino ensures strong traffic counts and year-round activity — ideal conditions for retail, hospitality, or residential development.
This is a rare opportunity to acquire a high-density, development-ready site in one of Miami’s most dynamic and centrally located commercial corridors.
It is zoned T6-8-O, one of Miami’s most desirable and highest-density commercial designations. This allows 150 residential units per acre, which permits by right development of approximately 112 residential units. Additionally, under Florida’s Live Local Act, density can be increased up to 1,000 units per acre, significantly expanding the property’s potential for multifamily, hotel, retail, or mixed-use development.
The property’s prime frontage and proximity to major thoroughfares provide excellent visibility and accessibility for a variety of commercial applications. Its location directly across from Magic City Casino ensures strong traffic counts and year-round activity — ideal conditions for retail, hospitality, or residential development.
This is a rare opportunity to acquire a high-density, development-ready site in one of Miami’s most dynamic and centrally located commercial corridors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Funeral Home
Building Size
10,082 SF
Building Class
C
Year Built
1945
Tenancy
Single
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.70 AC
Zoning
6100 - Commercial
Parking
59 Spaces (5.85 Spaces per 1,000 SF Leased)
Frontage
209’ on NW 37th Ave
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-4104-023-0270 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,102,000 |
PROPERTY TAXES
Parcel Number
01-4104-023-0270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,102,000
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Redevelopment Adjacent to Magic City Casino | 291 NW 37th Ave
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