733 Northwest 4th Avenue
Prime T6-8-O Development Opportunity next to Miami WorldCenter
Marketing 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.
Investment highlights
- Prime development opportunity by Miami WorldCenter.
- Existing 4-bedroom, 1-bath residence provides holding income potential while planning future redevelopment.
- T6-8-O zoning offers flexibility for qualifed redevelopment opportunities
- Located within minutes of Downtown Miami, Brickell, Miami WorldCenter, Brightline, Jackson Memorial Hospital and major expressways.
- Strong urban infill location in one of Miami's fastest-evolving neighborhoods.
- Ideal for developers, investors, or buyers seeking long-term appreciation in Miami's urban core.
- Excellent access to employment centers, transit, entertainment, and cultural destinations.
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