Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale 727 NW 3rd St (the “Land”) located in the City of Miami, FL. The land is conveniently located less than half a mile West from major Interstate I-95. The parcel falls next to the Miami River located in between East Little Havana and Downtown Miami connecting both areas by bridge allowing for easy access to both parts of the city. The lot consists of 15,207 square feet (0.35 Acres) zoned T6-8-R. The T6-8-R zoning allows for the opportunity to develop up to 8 stories, 52 units or 104 hotel keys permitted as of right. The site can be used for multifamily, office, retail, and hospitality. In the past 36 months, we have seen over 1,692 Multifamily Units completed within a .5 Mile Radius of the property. Additionally, there are 1,071 units in the pipeline. Some of the major employment centers and landmarks in the immediate area include Jackson North Medical Center, University of Miami School of Medicine, Miami Dade College, and more. The parcel is also located just a few minutes from Marlins Park, home of Major League Baseball’s Miami Marlins.