2610 NW 23rd Ave, Miami, FL 33142

$1,250,000 · 5,327 square feet · Active

Attention investors and developers! Rare opportunity to acquire two contiguous lots totaling 11,040 square feet in the heart of Allapattah, one of Miami's fastest-growing neighborhoods—portfolio sale includes adjacent land parcel A11959678 (separate folio) Zoned T4-R and strategically positioned on the NW 27th Avenue corridor, immediately west of the vibrant Wynwood Arts District. The property features an income-producing 5-unit multifamily building with four 1-bedroom/1-bath units plus one spacious 4-bedroom/3-bath unit, all with individual utility meters for water, electricity, and gas to maximize cash flow efficiency. Located in a high-traffic commercial corridor with exceptional growth potential and superior connectivity—just minutes from Wynwood, the Health District, Downtown Miami, and major employment centers, with quick access to SR-836, I-95, and the Airport Expressway. Prime redevelopment opportunity: hold and collect income or capitalize on T4-R zoning for value-add development while the included adjacent lot provides immediate expansion possibilities. Outstanding investment in one of Miami's most rapidly appreciating submarkets.

Listing courtesy of Julies Realty, LLC, the listing brokerage, 305-751-6400. MLS number A11956823.