500 3rd St ,Apartments for Sale & Rent

500 3rd St for Sale & Rent

Price $5,400,000.00

• Lot size 15000
• Year Build 1960
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

CITY OF MIAMI SOUTH PB B-41 LOTS 1 & 2 BLK 25 LOT SIZE 15000 SQ FT M/L OR 14122-689 0589 2 COC 21454-4867 04 2003 2

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.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.7707552,List Price:5400000,Listing Id:A12088863,Longitude:-80.2027618,Mls Status:Active,Year Built:1960,Postal Code:33130,Street Name:3rd St,Coordinates:1:25.7707552,Photos Count:24,Listing Terms:1:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2026-09-14,Parcel Number:01-02-02-050-1020,Property Type:Commercial Sale,Street Number:500,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2027-09-01,List Office Name:J&Co. Commercial Real Estate, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1348,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Unparsed Address:500 SW 3rd St, Miami FL 33130,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:10324,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:15000,M I A M I R E_ Flood Zone:AE,Original List Price:5400000,Public Survey Range:41,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-09-14,Originating System I D:miamire,Public Survey Section:2,Street Number Numeric:500,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 LOTS 1 & 2 BLK 25 LOT SIZE 15000 SQ FT M/L OR 14122-689 0589 2 COC 21454-4867 04 2003 2,M I A M I R E_ Current Price:5400000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,M I A M I R E_ Total Mortgage:2870000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks: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.,M I A M I R E_ Parcel Number M L X:1020,M I A M I R E_ Street View Param:1$25.770673$-80.202832$142.42$13.33$1.00$Q4_pTSiR_pTB0Ao2dd1cEA,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-09-14,Internet Address Display Y N:1,Number Of Units In Community:20,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:50,M I A M I R E_ Agent Alternate Phone:786-796-6302,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:500 SW 3rd St,Internet Automated Valuation Display Y N:1,