This Miami redevelopment property presents a rare income-producing opportunity in one of South Florida’s most dynamic and evolving markets. Featuring over 16,000 square feet of existing structures across a 40,927-square-foot parcel, the site combines steady cash flow with exceptional long-term development potential. Currently operating with 100% occupancy, it offers investors both immediate income and future upside through redevelopment or repositioning.

Diverse Income Streams and Strong Tenant Mix

The property currently consists of a 22-unit multifamily building, a fully operational restaurant, and an active car wash, all generating reliable revenue under flexible lease agreements. Each component contributes to a balanced income structure that allows for stability in the short term and flexibility in the long term. The leases include cancellation clauses, giving the next owner control over the timing of any redevelopment initiatives while maintaining consistent income.

Strategic Location and High Visibility

Located in Miami, Florida, the site benefits from prime corner visibility with an average annual daily traffic count exceeding 18,000 vehicles. Its position within a thriving urban corridor offers direct access to key commercial, residential, and mixed-use developments, making it an ideal acquisition for investors seeking growth in a high-demand metropolitan area. The surrounding neighborhood continues to attract both local and national developers due to its ongoing revitalization and strong demographics.

Zoning and Redevelopment Flexibility

The property is zoned T6-8-L / T5-R, providing substantial flexibility for future redevelopment. These zoning designations support a wide range of uses, including mixed-use residential, retail, hospitality, and multifamily projects. With a potential for up-zoning through a unity of title, the site offers the ability to maximize density and project scale, unlocking higher returns in a rapidly appreciating market.

Investment Potential and Market Fundamentals

With its combination of income-producing assets and development-ready zoning, this Miami redevelopment property offers a balance of stability and opportunity. It is easily financeable and well-positioned for a range of investment strategies—from hold-and-collect to full-scale redevelopment. The property’s diverse uses, strong traffic exposure, and location within one of Florida’s fastest-growing economic regions make it a standout choice for long-term investors and developers alike.

Investment Highlights

• Location: Miami, Florida
• Total Building Size: 16,239 SF
• Lot Size: 40,927 SF
• Zoning: T6-8-L / T5-R
• Current Uses: 22-unit multifamily, restaurant, and car wash
• Occupancy: 100% leased with flexible lease terms
• Traffic Count: 18,400 vehicles per day
• Redevelopment Potential: Up-zoning and unity of title opportunity
• Financing: Easily financeable income-producing property