2101 SW 3rd Ave
Miami, FL 33129
Multifamily Property For Sale · 6 Units

Investor alert: This is one of the most powerful redevelopment plays currently available in Miami’s Urban Core. Located at 2101 SW 3rd Ave, this prime corner property sits in a hyper-growth corridor connecting Brickell, Downtown, The Roads, Coral Way, Coconut Grove, and every major transit artery. The zoning alone—T6-8-O—makes this a rare acquisition. You can build an 8-story mixed-use high-rise with commercial space on the ground floor, 33 parking spaces on the next two levels, and multiple residential floors above. Sites with this zoning, this visibility, and this central location rarely hit the market, especially with in-place income to carry the asset during design and permitting. The existing building holds six large 1BD/1BA units (approx. 700 SF each), all rented at $2,000 and producing $144,000 annually, giving investors immediate cash flow while planning a major vertical redevelopment. The asset is structurally secure with its 40-year recertification passed in 2022, a flat roof replaced in 2019, and extremely low liability insurance of only about $4,000 per year—meaning unusually low expenses for a property of this location and size. This pocket of Miami is undergoing explosive demand driven by the Brickell financial sector, the surge of incoming professionals, major mixed-use expansions, and skyrocketing rental absorption. The combination of elite zoning, strong in-place revenue, low operating overhead, and a strategic corner-lot location positions this property as a high-impact opportunity for developers and long-term investors seeking a prime Miami asset with significant appreciation and redevelopment potential. Extremely rare to find a site that earns income now while offering one of the strongest future buildouts in the area. Serious investors should move quickly—this corridor is tightening fast and opportunities like this do not stay available long.