Commercial Sale · Income/MultiFamily
3128 NW 3rd Ave, Miami FL 33127, MIAMI, FL, 33127
Active68 days on marketListed Jun 3, 2026MLS #A12030643
About this property
The property at a glance
4,760 SF T-4R zoned lot offering significant redevelopment potential. Zoning allows for up to 16 residential units or luxury townhomes with no parkings requirements. The property currently features a 3-bed/2 bath unit with den, providing interim income potential. Strategically located with direct access to I-95 and I-195. Situated in Wynwood Nord, an active redevelopment area supported by a municipal revitalization plan encouraging mid-rise and boutique residential projects. All information is approximate and not warranted or guaranteed.
4,760
Building sq ft
$204
Price / sq ft
4,760
Lot sq ft
1926
Year built
3900
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$5,411/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Bridget to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
7,241
Population
$42,572
Median income
32
Median age
2
Avg household
$68,671
Median home value
$1,600/mo
Median rent
645
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Dropping the beat and raising the roof, this population enjoys everything hip hop culture has to offer, including music, dance moves, and fashion.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near 3128 NW 3rd Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,050,000
1751 NW 29th St, Miami FL 33142
Sold Aug 19, 2024
$2,200,000
Nearby listing
Sold Aug 20, 2024
$895,000
7525 NE Miami Ct, Miami FL 33138
Sold Sep 5, 2024
Your team
The pros in your corner
Your agent
Bridget McLennon
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 3128 NW 3rd Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 3128 NW 3rd Ave.
See it in person
Schedule a tour
Live availability from Bridget's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Viel & Ritter Realty Group, Inc. · Anne Ritter De Monredont. MLS #A12030643.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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