150 Ne 59th St, Miami, Florida 33137
- $1,695,000
Overview
- Land, Residential
Description
Prominent corner property directly on NE 59th Street. This 5, 552 square foot corner lot is zoned T5-R, permitting development up to 5 stories and 8 units, with an estimated 17, 825 buildable square feet under Miami 21 zoning guidelines. The parcel offers corner exposure, across from a school and the Laundromat Art Space and sits adjacent to a church occupying the remaining section of the block fronting Northeast 2nd Avenue, providing a strategic corner position within the surrounding urban footprint. Located within a designated Opportunity Zone one block from the Magic City Innovation District and near the planned Tri-Rail Station corridor, it benefits from strong transit-oriented proximity. The property currently generates approximately $7, 000 in gross monthly rental income and features four residential units where each unit includes a private backyard, separate address, independent utilities, impact windows, 4 water meters, and 4 FPL meters. The property is positioned in flood zone X, an area of minimal flood hazard. All buyers are advised to independently verify zoning specifications and transit timelines.
Address
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Address: 150 NE 59th St
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City: Miami
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State/county: FL
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Zip/Postal Code: 33137
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Area: DIXIE HIGHWAY TRACK
Details
Updated on September 20, 2026 at 5:43 pm-
Property ID MSA12092467
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Price $1,695,000
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Land Area 0.13 Acres
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Garage Size x x
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Property Type Land, Residential
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Property Status Active
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MLS# A12092467
Additional details
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Listing Terms Cash
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Utilities Electricity Available, Sewer Available, Water Available
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Sewer Public Sewer
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County Miami-Dade
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Property Type Land
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