733 NW 4th Avenue, Miami, FL 33136
- $899,000
- 4
- BD
- 1
- BA
- 1,065
- SqFt
- List Price
- $899,000
- Status
- ACTIVE
- Days on Market
- 73
- MLS#
- A12047283
- Subtype
- Residential
- Year Built
- 1954
- Bedrooms
- 4
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,065
- Acres
- 0.06
- Subdivision
- Miami North
- MLS Area Major
- 2310
Property Description
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.
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Additional Information
- Amenities
- None
- Interior Features
- None
- Exterior Features
- None
- Taxes
- $8,329
- Flooring
- Tile, Vinyl
- Appliances
- Electric Range, Refrigerator
- Heating
- Wall Furnace
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Block
- Stories
- 1
- Levels
- One
- Roof
- Shingle
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
Listing courtesy of Walnut Street Realty Co. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Arthur Bartholomew | Email: offers@walnutstreetrealty.com