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7424 NE 2nd Ave, Miami, FL 33138
$3,500,000
7424 NE 2nd Ave, Miami, FL 33138View this property at 7424 NE 2nd Ave, Miami, FL 33138
7424 NE 2nd AveMiamiFL33138
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Property Description
Opportunity to purchase a prime hard corner development site in Little River, Miami's hottest emerging market. Little River is seeing a rapid transformation, with an influx of bullish investors predicting a Wynwood like transformation. The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space. The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
Full Property Details
Full Property Details for 7424 NE 2nd Ave
General
- Price: $3,500,000
- Taxes: $14,305 (2023)
- Status: Active
- Type: Commercial Land
- MLS ID: A11524035
- Updated: 1/30/2024
- Added to Site: 99 day(s) ago
Location
- Area: Little River Extension
- County: Miami-Dade County
- Subdivision: LITTLE RIVER EXTENSION
- Building Name: LITTLE RIVER EXTENSION
Community
- Community Name: Little River Extension
Utilities
- Sewer: Public Sanitation
- Water: Municipal Water
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Electricity Available, Natural Gas Available, Sewer Available, Trash Removal, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Unimproved Business/Commercial
Lot Features
- Lot Size (Acres): 0.58
- Lot Size (Sq. Ft.): 25,332
- Lot Dimensions: 210 x 135
- Frontage Feet: 210
- Lot Features: Central Business District, City Location, Corner Location, Less Than 1 Acre
- Potential Use: Central Urban, Urban Commercial
- Zoning: 7700
Financial Considerations
- Tax Amount: $14,305
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Legal Description: 12 53 41 LITTLE RIVER EXT PB 9-138 LOTS 16 THRU 20 BLK 2 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 LOT SIZE 15688 SQ FT M/L
- Property ID: 01-31-12-030-0350
Listed by STL Advisors, LLC
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Schools
Schools serving 7424 NE 2nd Ave
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
514 Nw 77th St, Miami, FL 33150 | PK-5 | 0.8 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 26 mi | |
8950 Nw 2nd Ave, El Portal, FL 33150 | 6-8 | 1.1 mi | |
6161 Nw 5th Ct, Miami, FL 33127 | 9-12 | 1.1 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 20.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7424 NE 2nd Ave
Date
Details
Price
Change
Source
1/30/2024
Listed
$3,500,000
1958.82%
MLS
9/23/2013
Sold
$170,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7424 NE 2nd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,911
41%
$1,176,600
88%
2021
$9,852
-11%
$627,520
-20%
2022
$11,079
12%
$784,400
23%
2021
$9,852
43%
$637,520
98%
2019
$6,881
12%
$321,622
10%
2018
$6,124
5%
$292,384
—
2017
$5,840
3%
$292,384
20%
2016
$5,667
16%
$243,154
18%
2015
$4,881
15%
$205,700
10%
2014
$4,241
-24%
$187,000
-24%
2013
$5,572
—
$246,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7424 NE 2nd Ave
7424 NE 2nd Ave, Miami, FL 33138 (MLS# A11524035) is a Commercial Land property with a lot size of 0.58 acres. 7424 NE 2nd Ave is currently listed for $3,500,000 and was received on January 30, 2024. Want to learn more about 7424 NE 2nd Ave? Do you have questions about finding other Commercial Land real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.