1801 4Th AveMiami, FL 33132

Property Details for 1801 4Th Ave

Year built

1974

Lot size

0.32 AC

Property type

Land

Property subtype

Multifamily properties

Description

This exceptional 0.32-acre development site in Miami, Florida, presents a unique redevelopment opportunity. Currently housing an 18-unit, 12,561 square foot Class B multifamily building with 100% occupancy, the property is zoned T6-36A-L, allowing for the construction of up to 322 micro-units under the OMNI CRA guidelines. This permits a 60/40 split of market-rate and affordable units (up to 120% AMI), eliminating parking requirements for units under 400 square feet. The existing building, constructed in 1974 and featuring five stories, offers immediate income while plans for a significant expansion are underway. Located at 1801 NE 4th Ave, Miami, FL 33132, this property boasts a prime location in a Transit Oriented District, steps from Biscayne Bay and Margaret Pace Park, and surrounded by luxury residences and high-end amenities. The land value is $1,148 per square foot, with the asking price for the entire property set at $15,750,000 ($875,000 per unit). This presents a compelling investment opportunity for developers seeking to capitalize on Miami's thriving real estate market and the demand for micro-unit living. The property's strategic location near Midtown, Wynwood, and the Design District further enhances its appeal and potential for significant returns. The APN is 01-3231-037-0010.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7939

Longitude

-80.1876

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].