www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27384279
32727177

1267 NW 3rd St, Miami, FL 33125

AK
FL 3377651
Compass Florida LLC
Listed by Compass Florida LLC
$599,000
239 days on market
Updated 16 days ago

1267 NW 3rd St Miami, FL 33125

Details
Property Type Land, Multifamily
Sub Type Apartment Building, Residential
Square Footage 5,000
Lot Size (SqFt) 5,000
Investment Type Redevelopment

Land | 5,000 SqFt

Marketing description

1267 NW 3rd St, Miami, FL 33125 is the type of opportunity serious investors and developers are looking for. Sitting on a 5,000 SF, this property checks every box for a smart redevelopment play.

One of Miami’s fastest-growing corridors, just steps from Marlins Park and minutes from the epic Miami River and waterfront development zone. Billions of dollars are being invested into this area through new stadium amenities, residential towers, and mixed-use projects.

With zoning that allows 6–12 units, this property is a rare chance to secure land in a neighborhood poised for rapid appreciation. Investors can capitalize on both the strong rental demand from Downtown and Little Havana spillover, and the long-term upside of major redevelopment happening all around.

Existing single-family structure already rented, providing income while you plan, permit, and design your next project. This makes the carry cost significantly lighter compared to vacant land. Tenant is paying $2,900 a month - excellent to receive income while you go through the permitting process.

Just minutes to Downtown Miami, Brickell, Wynwood, Jackson Memorial, and Miami River District. Strong tenant demand from professionals, students, and families ensures your new project will lease quickly at premium rates.

Hold as a cash-flowing rental building, convert to condos, or flip to another developer once permits are secured. Multiple profitable strategies are on the table.

This is not just a land deal, it’s an opportunity to buy into Miami’s growth curve at the right price point with built-in income.

Investment highlights

Investment Address: 1267 NW 3rd St, Miami, FL 33125
Priced at: $599,000
5,000 SF lot zoned multifamily (Flexible build 6,8,12 units- depending on your design)

Why is this one so great?

-Income in place, lighter holding costs.
-Comparable strength: 316 NW 13th Ave (same 5,000 SF lot) approved 12-affordable housing unit plans, sold for $770K/ ~$154 sqft lot on Nov 2023.
-Proven development numbers: 12-unit build approx. $2.5M to build→ $2,200/unit rents → approx. $20K monthly net income → conservative resale approx $5M.

This corridor is trading between $100–$154/sqft. At $650K (~$130/sqft), you’re right in the sweet spot, priced to move, with clear upside once plans are in motion.

Properties that offer cash flow today and development tomorrow are rare in Miami, and this one won’t sit. If this feels like your next project, let’s schedule a call to walk through the site, comps, and numbers in detail.

Listing Contacts

AK
FL 3377651
Compass Florida LLC
Listed by Compass Florida LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591