About This Property

500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.

Key Features

• 15,000 sq ft Lot
• Built in 1960

Property Details

• Type: Single Family Home
• Year Built: 1960
• Lot Size: 15,000 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 15,000 sq ft Lot
• Feature: Built in 1960
• Status: Active
• MLS Number: 1190742518
• Days on Market: 15
• Listed By: J&Co. Commercial Real Estate, Inc. · George Jimenez
• Zip Code: 33130