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340 NE 125th St 3,289 SF 100% Leased Office Building North Miami, FL 33161 $1,550,000 ($471.27/SF)
Investment Highlights
- Nestled just off 125th Street near North Miami’s downtown
- Impact Windows
- Ample Parking
- Fully Remodeled Main House
- Abundant Light
- 3 Efficiencies Plus a Storage
Executive Summary
Welcome to 340 NE 125th St, North Miami, FL 33161. Exceptional covered land-play opportunity in the heart of North Miami, generating immediate cash flow and positioned for future redevelopment. Situated on an 11,250 SF lot with R-6 Multifamily Residential zoning, the property is located within the North Miami CRA and the Arts, Culture & Design Overlay District (AOD).
The site includes two separate structures totaling 3,289 SF. The fully remodeled 1,450 SF main house features 3 bedrooms and 2 bathrooms. The property also includes three oversized efficiency units currently rented at $1,400 and $1,300/month. No HOA. Recent upgrades include ES impact windows and doors, PVC plumbing, new bathrooms, a renovated kitchen with gas stovetop, laundry, covered carport, and parking for 10 vehicles. The 40-year structural recertification has been completed, with no reinspection required for approximately 10 years.
Development potential is significant: By right under R-6 zoning: 2–9 units. Through local LDR density bonus: up to 12 units. Through the Live Local Act administrative process (SB 1730, 2025) within the AOD: up to 38 units, approved administratively with no board review or public hearing. Buyer to verify Live Local Act eligibility and approval process with land use counsel. NE 125th Street is North Miami’s primary east-west corridor, connecting residential neighborhoods to I-95, downtown services, and the future Brightline/Tri-Rail station. Whether maintained as a cash-flowing asset or redeveloped for higher density, this property offers rare flexibility, scale, and long-term upside.
The site includes two separate structures totaling 3,289 SF. The fully remodeled 1,450 SF main house features 3 bedrooms and 2 bathrooms. The property also includes three oversized efficiency units currently rented at $1,400 and $1,300/month. No HOA. Recent upgrades include ES impact windows and doors, PVC plumbing, new bathrooms, a renovated kitchen with gas stovetop, laundry, covered carport, and parking for 10 vehicles. The 40-year structural recertification has been completed, with no reinspection required for approximately 10 years.
Development potential is significant: By right under R-6 zoning: 2–9 units. Through local LDR density bonus: up to 12 units. Through the Live Local Act administrative process (SB 1730, 2025) within the AOD: up to 38 units, approved administratively with no board review or public hearing. Buyer to verify Live Local Act eligibility and approval process with land use counsel. NE 125th Street is North Miami’s primary east-west corridor, connecting residential neighborhoods to I-95, downtown services, and the future Brightline/Tri-Rail station. Whether maintained as a cash-flowing asset or redeveloped for higher density, this property offers rare flexibility, scale, and long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,289 SF
Building Class
C
Year Built
1927
Price
$1,550,000
Price Per SF
$471.27
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,289 SF
Building FAR
0.29
Lot Size
0.26 AC
Zoning
Primary Zone 3800 - Designated under Primary Zone 3800 (Multi-Family), allowing for diverse professional and commercial
applications in a high-density residential corrido
Parking
10 Spaces (3.04 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-2230-028-0160 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $753,116 |
Property Taxes
Parcel Number
06-2230-028-0160
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$753,116
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340 NE 125th St
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