3621 NW 23rd Ave, Miami, FL 33142

$389,000 · Active

DEVELOPMENT OPPORTUNITY IN CENTRAL MIAMI! Rare opportunity to acquire a 5,000+ Sq. Ft. lot in a centrally located area just minutes from Miami International Airport and a short drive to Brickell, Wynwood, and Downtown Miami. The property offers a canvas for investors, developers, or buyers looking to create a new residential project- There is an existing structure on site that is being used for a 5 bedroom short term rental business with significant annual profits as well as a separate 1 bedroom/1 bathroom guest house that providing additional living space. The property also features a spacious fenced lot with space to add a pool or extend the current structures. The homes driveway provides ample parking, plus additional street parking available. Just a short 10 minutes walk to metrorail station and 2 minutes walk to nearby bus stop- ideally located for commuters. Zoned Residential with Medium Retail designation, offering potential flexibility for residential, business, or retail use, subject to applicable zoning regulations and approvals. Located in an area where businesses operate from residential properties, creating an attractive opportunity for investors, owner-users, or developers. Property has existing city violations- very motivated seller and priced to sell!

Listing courtesy of Modern World Realty, the listing brokerage, 305-988-9640. MLS number A12093046.