A rare opportunity to acquire a renovated income-producing property in the heart of Miami’s rapidly transforming Overtown neighborhood, with exceptional long-term redevelopment upside. The property is ideal for an owner-user or investor and benefits from highly desirable T6-8 O zoning, allowing 8 to 12 stories of development as of right.… Read More Even more compelling, under Florida’s Live Local Act, developers may have the ability to match the maximum height and density of nearby Miami Worldcenter properties located within a one-mile radius, creating substantial additional development potential. Directly across the street is The Walker, a $21.4 million workforce housing development being spearheaded by the City’s Southeast Overtown/Park West Community Redevelopment Agency and Krea USA, while adjacent to the property sits the historic People's BBQ, currently undergoing redevelopment and expected to reopen soon. Comparable development sites nearby with inferior zoning are listed as high as $1.5 million, highlighting the significant land value opportunity. Positioned within one of Miami’s most active urban redevelopment corridors, this property offers immediate cash flow, substantial entitlement upside, and exposure to a neighborhood benefiting from significant public and private investment. Read Less
Courtesy of Walnut Street Realty Co, Arthur Bartholomew, 954-271-2657.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
1
Square Ft.
1,065
Lot Size
0.06 Acres
Year Built
1954
MLS Number
A12047283
30 Days Snapshot Of 33136
$340k
+20%
(avg) sold price
1
0%
home sold
51
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Electric Range", "Refrigerator"
Building
Built in 1954, Living area: 1065, Construction materials: "CBS", Toal building area: 1065
Cooling
"Wall/Window Unit(s)"
Floors
"Tile", "Vinyl"
Heating
"Window/Wall"
Lot
0.06 acres
Property
Zoning: 6100
Roof
"Shingle"
Sewer
"Public Sewer"
Taxes
Annual amount: $8,329
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