Pending7645 NE 1st Avenue, Miami FL 33138
About this home
Exceptional redevelopment opportunity! This 7,500 sq. ft. lot is zoned T5 R, offering outstanding potential in one of Miami's fastest growing neighborhoods. The existing structure is a total teardown, making this an ideal site for a new development. Ideally located just 10 minutes from Wynwood, 5 minutes from I-95, and approximately 10 minutes from the future Brightline Wynwood Station, this property offers exceptional connectivity and long term investment potential. Surrounded by significant redevelopment and new construction, this is an outstanding opportunity for developers, investors, and builders looking to capitalize on Miami's continued growth! Buyer and buyer's agent are responsible for independently verifying zoning, permitted uses, development rights, and all building regulations with the appropriate governmental authorities.
Features
- No Interior Features
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- Other
- Other Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,401
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.