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$ 1,550,000
Est. payment /mo
Price Dropped by $50K
3421 NW 5th Ave Miami, FL 33127
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Northern Blvd Track
MLS Listing ID A11906831
HOA Y/N No
Annual Tax Amount $8,123
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50x145
Property Description
Prime income-producing development site minutes from the Design District, Wynwood, Midtown, Downtown, and Brickell. 7,250 sqft T5-L zoned lot allowing up to 25 residential units plus retail or mixed-use development with no parking required under current Miami 21 zoning. Developers can build up to 5 stories with minimal setbacks, maximizing the site's full potential. Existing duplex (4 bed / 2 bath / 2,322 sqft) can generate income while plans and permits are prepared — ideal for investors seeking both immediate cash flow and long-term appreciation. The neighborhood is rapidly transforming, with brand-new luxury apartment projects on nearly every corner, making this a rare opportunity in one of Miami's most desirable growth corridors.
Location
State FL
County Miami-dade
Community Northern Blvd Track
Area 31
Exterior
Utilities Available Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
Street Surface Paved
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-25-024-0290
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11906831
Listed by Florida Realty of Miami Corp
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