Need Help Buying or Selling A Home?

Pinnacle Real Estate Group – FL

500 SW 3rd Street, Miami, FL 33130 (MLS# A12088863)

500 SW 3rd Street, Miami, FL 33130

New Listing
$5,400,000
Property Type: Commercial Sale Square Footage: 10,324 Status: Active
Current Price: $5,400,000 List Date: 9/14/2026 Last Modified: 9/15/2026

Overview

Description

500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.

Listing Details MLS# A12088863

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
Yes
Occupant Type
Tenant
Building Area Main
10324
Year Built
1960
Lot Size Area
15000
Lot Size Acres
0.34

Property Features

Listing Terms: 1031 Exchange; Cash

Contract Information

Comp Sale YN
No
Original List Price
5400000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
500
Street Direction Prefix
SW
Street Name
3rd
Street Suffix
Street
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33130
Postal Code +4
1348
Area
2410
Parcel Number
0102020501020
Subdivision Number
50
Zoning
3900
Flood Zone
AE

Financial Information

Tax Legal Description
CITY OF MIAMI SOUTH PB B-41 LOTS 1 & 2 BLK 25 LOT SIZE 15000 SQ FT M/L OR 14122-689 0589 2 COC 21454-4867 04 2003 2

Status Change Information

Major Change Timestamp
2026-09-14T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-09-14

More Information

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
20
Furnished
No
Annual Rent
1750

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
20
Furnished
No
Annual Rent
2050

Price Calculations

Current Price To SqFt
523.05

Section Details

Parcel Number MLX
1020

Originating Details

Originating System Key
563316269
Originating System ID
M00000151

Documents

IDX
Listing Office: J&Co. Commercial Real Estate, Inc.
Last Updated: September - 15 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

No obligation, confidential call.
Interested In Our Properties? Call Us With Any Questions
Scroll to top