437 30Th StMiami, FL 33137

Property Details for 437 30Th St

Year built

1918

Property size (Sq ft)

5,220 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional redevelopment opportunity presents a 7-unit, 2-story apartment building situated on a 5,500 square foot lot in Miami's highly desirable Edgewater neighborhood. The property, boasting 5,220 square feet of net rentable space, is currently configured as seven individual units, each leased on a month-to-month basis, providing flexibility for future plans. Built in 1918, the Class C building presents a significant upside for investors seeking to capitalize on Edgewater's robust growth trajectory, rivaling even Brickell and Downtown Miami in recent sales success. The property's favorable T6-36a-L zoning designation unlocks substantial development potential. This zoning allows for up to 66,000 buildable square feet and a maximum of 18 units, with the added possibility of increasing the Floor Lot Ratio (FLR) by up to 40% through public benefits. Its prime location near Biscayne Boulevard offers convenient access to Miami International Airport (15-minute drive) and the thriving Design District, Wynwood, Brickell, and Downtown Miami (5-minute drive). The asking price for this corporation-owned property is $3,500,000, representing a price per unit of $500,000. This presents a unique chance to acquire a well-positioned asset with significant upside in one of Miami's most dynamic neighborhoods. The property is located at 437 NE 30th St, Miami, FL 33137, in Miami-Dade County.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8054

Longitude

-80.1879

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