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 954-271-2657
Listing Snapshot
Days Online
125
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
Additional Details
Appliances & Equipment
Electric Range, Refrigerator
Building
Built in 1954, Living area: 1065.0, Building faces West, 1 storey, Levels: One, Entry level: 1, Construction Materials: CBS
Cooling
Wall/Window Unit(s)
Exterior Features
None
Floors
Tile, Vinyl
Heating
Window/Wall
Home Owner's Association
Amenities: None
Lot
0.06 acres
Roof
Shingle
Sewer
Public Sewer
Taxes
Parcel Number: 0101040701100, Annual Amount: $8,329, Legal Description: MIAMI NORTH PB B-41 N25FT OF S75FT OF LOTS 9 & 10 BLK 47 LOT SIZE 25.000 X 100, Year: 2025, Zoning: 6100
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
