11002 SW 3rd St - Commercial LAND FOR SALE


Miami, FL 33174- Sweetwater Groves34,600 SF
$6,000,000 USD
786-390-5927
11002 SW 3rd St, Miami, FL for Sale
$6,000,000 USD
Commercial LAND - FOR SALE
1/10
34,600 SF

11002 SW 3rd St
Miami, FL 33174
Sweetwater Groves


HIGHLIGHTS

  • Covered Land Play – Immediate in-place income from existing duplex units allows ownership to generate cash flow while planning future development
  • Prime Location Adjacent to Florida International University – Strong, consistent rental demand driven by one of South Florida’s largest universities
  • ±36,400 SF Assemblage – Rare large-scale site in Sweetwater offering efficient layout and enhanced redevelopment potential
  • High-Growth Submarket – Located in a rapidly evolving Sweetwater / West Miami-Dade corridor with significant residential and commercial development ac
  • Flexible Redevelopment Opportunity – Ideal for multifamily, student housing, or build-to-rent with multiple exit strategies

OVERVIEW

Zoning information Located adjacent to Florida International University within Sweetwater's rapidly evolving redevelopment corridor, the assemblage at 11002 SW 3rd Street presents a rare infill development opportunity comprised of five contiguous duplex parcels totaling approximately 36,400 square feet (0.84 acres). The property is currently improved with income-producing duplexes and is zoned RD (Duplex Residential), while also benefiting from its strategic location within the FIU growth corridor and the area contemplated by the City's University District Overlay expansion provisions pursuant to Section 2.05.25 of the Sweetwater Land Development Code. The site is surrounded by significant multifamily, student housing, and mixed-use development activity, including several recently approved high-density projects serving the FIU market. Given its location, assemblage size, and proximity to the University District, the property offers compelling potential for multifamily, workforce housing, student housing, townhome, or mixed-use redevelopment, subject to purchaser verification of zoning, overlay applicability, density allowances, and municipal approvals. Sweetwater has demonstrated a pro-development planning posture through recent density approvals, University District initiatives, and redevelopment-focused zoning activity, positioning this assemblage as a unique opportunity for developers seeking a well-located site within one of Miami-Dade County's most active university-oriented housing markets.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/ACRE

$7,553,754/AC

PRICE/SF

$173 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.79 AC

LAND SF

34,600 SF

OFFSITE IMPROVEMENTS

Sewer

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jonathan LayFairchild Partners, Inc.More Info
786-390-5927

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Jonathan LayFairchild Partners, Inc.More Info
786-390-5927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.