500 SW 3rd St, Miami FL 33130

About This Property

500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A12088863

Building Area

10,324 SF

Lot Size

15,000 SF

Year Built

1960

Zoning

3900

Days on Market

1

Price

$5,400,000