Active For Sale
1 NE78thStreet, Miami, FL 33138
1 NE 78th Street, Miami, FL 33138
  • $2,600,000

Overview

Property ID: HZA12011267
  • Multi Family, Commercial Sale
  • Property Type
  • 6395
  • Sqft
  • 1971
  • Year Built

Description

13-unit multifamily asset strategicallylocated in the heart of Little River, one ofMiami’s fastest-evolving urbanneighborhoods. Positioned on a prominentcorner lot with frontage along NE 78thStreet, the property benefits from strongvisibility, walkability, and quick connectivityto the Design District, Wynwood, andDowntown Miami, as well as major transitcorridors. Built in 1971, the two-story buildingtotals approximately 7, 496 SF of living areaon a 13, 063 SF lot and is currently operatingwith stable in-place income. Offered at$2, 600, 000, the property generates an in-place NOI of approximately $191, 000, equating to a 7.35% cap rate, with modestupside through rent growth and operationalefficiencies. A key value driver is the T6-8-Ozoning, which supports high-density mixed-use redevelopment of up to eight stories, positioning the asset for futureredevelopment, assemblage, or land-banking as Little River continues itstransformation.

  • Address 1 NE 78th Street
  • City Miami
  • State/county FL
  • Zip/Postal Code 33138
  • Area Miami-Dade

Details

Updated on October 31, 2026 at 1:33 pm
  • Property ID: HZA12011267
  • Price: $2,600,000
  • Property Size: 6395 Sqft
  • Land Area: 0.3 Acres
  • Garage Size: x x
  • Year Built: 1971
  • Property Type: Multi Family, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • County: Miami-Dade
  • Property Type: Commercial Sale

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