1747 NE 124th St, North Miami, FL 33181 — MLS photo

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1747 NE 124th St, North Miami, FL 33181

Active · MixedUse

$2,075,000

1747 NE 124th St, North Miami, FL 33181

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1956
Lot size
13,680 sq ft
HOA fee
—
Annual tax
—

About this property

1747 NE 124th Street presents a compelling opportunity to acquire a 3,406 SF office building situated on an oversized 13,680 SF lot, just one parcel off US-1/Biscayne Boulevard in North Miami. The property is zoned C-2BW, allowing for a wide range of uses including retail, office, restaurant, medical, and multifamily. The asset is well-suited for an owner-user seeking a strategically located professional space with strong visibility and accessibility along a major commercial corridor. For developers, the site offers meaningful redevelopment potential, with zoning permitting up to 200 feet in height and approximately 150 units per acre. The existing improvements and 18 on-site parking spaces provide immediate functionality while preserving future redevelopment opportunity.

Property location

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1747 NE 124th St, North Miami, FL 33181

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MixedUse
Year built
1956
Lot size
13,680 sq ft

Parking

Covered spaces
0

HOA, Community & Financials

County
Miami-Dade
Days on market
0
MLS listing ID
A12013634
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$4,061

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$9,837/mo
Down payment
$518,750
Loan amount
$1,556,250
Annual NOI
$69,310

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.