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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 $1.5 million, highlighting the significant land value opportunity. Positioned within one of Miami’s most active urban redevelopment corridors, this property offers immediate cash flow, substantial entitlement upside, and exposure to a neighborhood benefiting from significant public and private investment.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 0 | $525,000 | 2/1 | 828 | 77 | $0 | ||
| 3260 SW 2nd St | $579,000 | 3/2 | 1,554 | 144 | $0 | ||
| 2750 NW 4th St | $589,000 | 2/1 | 1,016 | 94 | $0 | ||
| 600 NW 34th Ave | $620,000 | 3/2 | 1,522 | 141 | $0 | ||
| 3080 SW 5th St | $625,000 | 3/1 | 1,534 | 143 | $0 | ||
| 3533 NW 2nd Ter | $630,000 | 5.88% | 5/5 | 2,170 | 202 | $0 | |
| 1800 Wisteria St | $715,000 | 4/2 | 2,024 | 188 | $0 | ||
| 3445 NW 2nd St | $729,000 | 4/4 | 1,450 | 135 | $0 | ||
| 3375 SW 1st St | $729,998 | 3/2 | 1,161 | 108 | $0 | ||
| 3200 SW 2nd St | $729,999 | 4/2 | 1,486 | 138 | $0 | ||
| 301 SW 36th Ave | $750,000 | 5/3 | 925 | 86 | $0 | ||
| 2850 NW 5th St | $875,000 | 3/2 | 2,347 | 218 | $0 | ||
| 3078 NW Flagler Ter | $898,000 | 5/2 | 2,932 | 272 | $0 | ||
| 733 NW 4th Ave | $899,000 | 4/1 | 1,065 | 99 | $0 | ||
| 2939 SW 5th St | $1,000,000 | 4/3 | 1,555 | 144 | $0 |
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 03/09/2026 | $475,000 | $499,000 | 3 | 1 | 1,230 | 4 months | |
| 02/26/2026 | $650,000 | $675,000 | 2 | 3 | 1,111 | 1 month |
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