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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 Details
Price: $899,000
Sq Ft: 1,065
($844 per
sqft)
Bedrooms: 4
Bathrooms: 1
City: Miami
County: Miami-Dade
Type: Single Family
Development: Miami North
Acres: 0.0600
Virtual Tour/Floorplan:
View
Year Built: 1954
Listing Number: A12047283
Status Code: A-Active
Taxes: $8,329.00
Tax Year: 2025
Garage:
Financial Information:
Taxes: $8,329.00
Tax Year: 2025
Equipment:
Electric Range
Refrigerator
School Information:
Elementary School: Frederick Douglass
Middle School: Jose De Diego
Junior High: Jose De Diego
High School: Booker T. Washington
Additional Information:
MLS Area: 2310
Total Square Footage: 1,065
Price per Square Feet: $844.13
Total Floors: 1
Water: Public
Construction: Cbs
Date Listed: 2026-07-02 00:00:00
Flooring: Tile, Vinyl
Roof: Shingle
Heating: Window/Wall
Cooling: Wall/Window Unit(S)
Restrictions: No Restrictions
Sewer: Public Sewer
Parcel ID: 0101040701100
Map of 733 Nw 4Th Ave, Miami, FL 33136
Listing Courtesy Of: Walnut Street Realty Co
offers@walnutstreetrealty.com