150 NE 59th St, Miami FL 33137 | Miami-Dade County | A12092467
- $1,695,000
- $1,695,000
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.
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Address
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Address: 59th St
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City: Miami
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Zip/Postal Code: 33137
Details
Updated on September 20, 2026 at 6:39 pm-
Property ID A12092467
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Price $1,695,000
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Property Status Active, Land/Boat Docks
Additional details
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Tax Year 2025
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Building DIXIE HIGHWAY TRACK
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Listing Terms All Cash
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Area Dixie Highway Track
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Waterfront No
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Association No
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Private Pool No
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Structure Type Residential
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Subdivision DIXIE HIGHWAY TRACK
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Annual Tax 7450
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Lot Size (Sq Ft) 5552
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Flood Zone X
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New Construction No
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