Price Reduced 8.33%
Price History
$1,200,000
12/15/2025
$1,100,000
3/3/2026
242 NW 12th Ave, Miami, FL, 33128
1925
Located in the heart of Little Havana, 242 NW 12th Ave presents a compelling opportunity for investors and developers seeking both current cash flow and long-term upside. Situated on a 5,000 sq ft lot, this two-story mixed-use building offers approximately 2,393 sq ft of existing improvements in one of Miami’s most active urban corridors. The property is zoned T6-8-O (Urban Core), providing flexibility for high-density redevelopment, including multifamily or mixed-use projects, subject to city approval. The existing configuration allows for a combination of commercial/office use and multiple residential units, making it well-suited for an income-producing hold or future repositioning. Constructed in 1925, the building features solid construction, central air conditioning, and on-site parking, adding to its functional appeal. The property is currently occupied by long-term tenants, offering immediate revenue potential while plans for future development or renovation are explored (do not disturb occupants). Highlights Include: Mixed-use asset with residential and commercial potential T6-8-O zoning allowing for significant density and redevelopment 5,000 sq ft lot with 2,393 sq ft of existing structure Multiple unit configuration with income in place On-site parking Located within Miami’s Urban Development Boundary .
Status:
Active
Type:
Commercial
Zoning:
6100
Est. Taxes:
$11,534
Days on Market:
78
MLS #:
A11933705
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Listing courtesy of COMPASS FLORIDA, LLC 305-851-2820