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500 SW 3rd St, Miami FL 33130

Commercial For Sale
$5,400,000

BTC: 69.04046538

ETH: 2,133.96561944

New
0 room(s)

Overview

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.

Location

Florida • Miami • 33130 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1960
Lot:
15000 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,460,000
$960K – $6.1M
Confidence Low
List vs. estimate
$2.9M above estimate
List $5,400,000 · +119.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $542K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features

  • Lot

    • Lot: 15000 Square Feet

    Other Property Information

    • Parcel Number: 01-02-02-050-1020

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A12088863

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33130
599
median $630K
Active
Same city
Miami
12,366
median $640K
Active
Same type
Commercial
1,190
median $1.1M
Active
Similar price
$3.8M – $7.0M
561
median $4.8M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: J&Co. Commercial Real Estate, Inc.