733 NW 4th Ave, Miami, FL, 33136
733 NW 4th Ave, Miami, FL, 33136 - Image 2733 NW 4th Ave, Miami, FL, 33136 - Image 3733 NW 4th Ave, Miami, FL, 33136 - Image 4733 NW 4th Ave, Miami, FL, 33136 - Image 5

733 NW 4th Ave, Miami, FL, 33136

4 bedrooms · 1 bath · 1,065 sq.ft.

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. 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.

Information

Property typeSingle Family
Size1,065 sq.ft.
Plot size2,500 sqft
Year built1954
Stories1
Price per sq.ft.USD 844
Last sold2022-09-16
Last sold priceUSD 380,000
CountyMiami-Dade
ZIP code33136
LocationMiami, United States

USD 899,000

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Where it's located

Miami, United States

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