500 SW 3rd St, Miami, FL 33130

About 500 SW 3rd St, Miami, FL 33130

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.

How This Listing Compares in Miami

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 500 SW 3rd St, Miami, FL 33130

Pool Private

No

The Building at 500 SW 3rd St, Miami, FL 33130

Building Area Total

10324

Building Area Units

Square Feet

Association

No

Lot, Views & Construction at 500 SW 3rd St, Miami, FL 33130

Lot Size Square Feet

15,000

Waterfront

No

View

No

New Construction

No

Taxes & Public Record for 500 SW 3rd St, Miami, FL 33130

Parcel Number

01-02-02-050-1020

Tax Legal Description

CITY OF MIAMI SOUTH PB B-41 LOTS 1 & 2 BLK 25 LOT SIZE 15000 SQ FT M/L OR 14122-689 0589 2 COC 21454-4867 04 2003 2

Zoning

3900

County Or Parish

Miami-Dade County

Map & Neighborhood