5200 NW 7th Ave, Miami, FL 33127

  • $598,000
  • $650,000
5200 NW 7th Ave, Miami, FL 33127

Overview

Property ID: HZ5367755
  • CommercialSale
  • Property Type
  • 1252.0
  • Sqft
  • 1920
  • Year Built

Description

A completely remodeled 3 bed / 2 bath Single Family Residence with zoning that allows for up to 5 stories, fronting the high-traffic NW 7th Avenue corridor. This lot offers the future development opportunity to recognize up to 11 units for attainable mixed-income housing, with existing plans in the works.

With the ability to net over $25,000 annually without additional improvements, this property is best seen as a covered land play for a developer looking to take advantage of the strong redevelopment incentives the zoning affords in the future while capitalizing on the in-place income for the shortterm as the neighborhood continues to grow and thrive.

  • Address 5200 NW 7th Ave
  • City Miami
  • State/county FL
  • Zip/Postal Code 33127
  • Country United States

Details

Updated on July 8, 2023 at 12:48 am
  • Property ID: HZ5367755
  • Price: $598,000
  • Property Size: 1252.0 Sqft
  • Land Area: 4800.0 Sqft
  • Year Built: 1920
  • Property Type: CommercialSale
  • Property Status: For Sale
  • MLS#: A11305124
  • Office Name: APEX CAPITAL REALTY LLC
  • Agent Name: Jamie Maniscalco
  • MLS Status: Active

Additional details

  • Tax Annual: 6829
  • County: Miami-Dade County
  • Property SubType: MultiFamily

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Shafique Ahmad
  • Shafique Ahmad