733 NW 4th AveMiami, FL 33136

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

OneStory

Year built

1954

Living area

1,065 Sq Ft

Lot size

2,500 Sq Ft

Days on market

91

MLS^® Listing#

A12047283

Property Features

Exterior

None

Appliances

Electric Range · Refrigerator

Cooling

Wall/Window Unit(s)

Heating

Wall Furnace

Flooring

Tile · Vinyl

Pool

None

Construction

Block

Roof

Shingle

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$8,329Tax year 2025

Parcel number

01-01-04-070-1100