$1,100,000

150 NE 59th St, Miami, FL 33137

Commercial Property
Built in ——
5,663sqft lot
—— car garage
$——/sqft
Listed 1 day ago

Property Description

Prime redevelopment site in Miami's Little Haiti/Innovation District. Corner T5-R parcel allows by right up to 5 stories and 8 residential units with 17,825 buildable SF. Currently improved with a four-plex. Two Duplexes - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Located in the heart of the Innovation District neighborhood directly behind a full block church fronting NE 2nd Avenue ,offering stability, privacy and unique positioning It is located approximately 0.4 miles from the planned Tri-Rail Station Northeast Corridor and close to Wynwood, Design District and Biscayne Blvd. Across from Laundromat Art Space gallery and 1 block away from Magic City .Flood zone X.Net return 5.5% including new buyer's property taxes.

Listing Status:: Active
Date Added:: December 20, 2025 at 06:00AM
Listing Office:: Beachfront Realty Inc : 305-405-0615
Listing Agent:: Monica Sciarra : 305-491-8217
MLS ID:: A11933713

Road/Access: City/County MaintainedPublic Road
Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: T5-RDIXIE HIGHWAY TR PB 5-24 LOT 10 BLK 11 73R-20732 LOT SIZE 59.700 X 93 COC 24192-3349 01 2006 101-31-13-065-1640
Current Use: Other UsageIncome (Other)

Utilities: Electricity ConnectedSewer ConnectedWater ConnectedElectricity AvailableSewer AvailableTrash RemovalWater Available
Water: Municipal Water
Sewer: Public Sanitation

Source: Miami Association of REALTORS®

This listing courtesy of Monica Sciarra, Beachfront Realty Inc

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$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Toussaint L'Ouverture Elementary School

120 NE 59th St, Miami, FL, 33137

Grades PK-5

0.04 miles away

Young Men's Preparatory Academy

3001 NW 2nd Ave, Miami, FL, 33127

Grades 6-12

1.73 miles away

Itech@Thomas a Edison Educational Center

6101 NW 2nd Ave, Miami, FL, 33127

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.