OFFERING MEMORANDUM
Ramona Motel — Little Havana
3301 & 3395 W Flagler St | Miami, FL 33135
Prime Little Havana Redevelopment & Value-Add Hospitality Opportunity — Offered at $4,950,000
A Rare Two-Parcel Assemblage on Little Havana's Premier Commercial Corridor
Avanti Way Commercial is pleased to present the exclusive offering of the Ramona Motel, a rare two-parcel assemblage fronting W Flagler St in the heart of Miami's Little Havana. The 26,129 SF (0.60-acre) site combines a 30-key economy motel with confirmed T5-L zoning permitting approximately 39 residential units by right, along with hotel, office, and general commercial uses — delivering investors and developers a flexible, income-producing asset with a clear, executable path to redevelopment.
Held by the same ownership entity for more than 20 years, this is a clean, single-seller acquisition on one of Little Havana's busiest commercial corridors. Cross streets carry 30,000 to 40,000+ vehicles per day. The existing motel continues generating holding-period income while a buyer pursues design, permitting, and entitlement. Additionally, the site's T5-L zoning may qualify for additional density and height under Florida's Live Local Act, representing genuine additive upside for a qualifying developer-buyer.
Offering at a Glance
- Offered At: $4,950,000
- Land Area: 26,129 SF / 0.60 AC
- Building Area: 8,549 SF
- Rooms: 30 Keys (26 + 4)
- Zoning: T5-L, Miami 21
- By-Right Units: ~39 Residential
- Flood Zone: X (Unshaded)
- Ownership: Same Entity 20+ Years
- Parcels: Two (Single Seller)
Site & Building Details
Aerial overhead view of the two-parcel assemblage fronting W Flagler St — 26,129 SF of contiguous, unencumbered land in the heart of Little Havana.
Seven Reasons This Deal Stands Apart
By-Right Entitlement — No Rezoning Required
Confirmed T5-L zoning permits approximately 39 residential units by right, plus hotel, office, and general commercial uses. Execution risk is dramatically reduced — no rezoning hearings, no discretionary approvals required.
Florida Live Local Act Upside
T5-L is among the transects the City of Miami has confirmed qualifies under Florida's Live Local Act, potentially unlocking height well beyond the base 5-story T5-L cap — administratively and without a rezoning — in exchange for a 40% affordable rental set-aside at or below 120% AMI.
Clean Single-Owner Assemblage
Both parcels are held by the same ownership entity for over 20 years. No fragmented title, no co-owners to negotiate, no assemblage risk — just a straightforward two-parcel transaction with a motivated, single seller.
Premier W Flagler St. Corridor Location
The site fronts one of Miami's highest-volume east-west arterials. Cross streets at SW 36th Ave register up to 40,747 AADT — delivering exceptional drive-by visibility and accessibility for any use scenario.
Dense, High-Demand Trade Area
Nearly 37,000 residents within a 1-mile radius create a robust demand base for hospitality, multifamily, and mixed-use redevelopment. The majority-Hispanic trade area features strong daytime population and active pedestrian and transit activity.
In-Place Cash Flow During Entitlement
The existing 30-key economy motel remains a permitted-by-right use and continues generating holding-period income while a buyer pursues design, permitting, and entitlement — minimizing carry costs throughout the development timeline.
Outside All Flood Hazard Areas
Both parcels are mapped in FEMA Flood Zone X (unshaded) — outside any Special Flood Hazard Area. No mandatory flood insurance, no elevation certificate requirements, and no material coastal risk to underwrite.
Positioned at the Crossroads of Little Havana
The Ramona Motel sits within Little Havana, one of Miami's most historic and densely populated urban submarkets, fronting W Flagler St — the primary east-west commercial corridor connecting Downtown Miami to the western suburbs. The immediate area is a dense grid of high-volume arterials, delivering outstanding drive-by visibility for continued hospitality use, ground-floor retail, or mixed-use redevelopment.
The site is within minutes of Downtown Miami, Brickell, Coral Gables, Coconut Grove, and Miami International Airport, placing it at the geographic center of Miami's most economically active sub-markets. The surrounding street network consistently logs among the highest average daily traffic counts in the submarket.
Key Traffic Counts (CoStar, 2026 AADT)
A Dense, High-Demand Urban Trade Area
The zip code 33135 trade area is a dense, working-class, majority-Hispanic urban submarket with high daytime population and strong pedestrian and transit activity — a demand base well-suited to continued economy-tier hospitality use, infill multifamily, or mixed-use redevelopment.
Total Population
Residents within ZIP 33135 — among the densest urban trade areas in Miami-Dade County
Median HH Income
Median household income of $43,386 — supporting sustained demand for economy and workforce housing
Median Age
A mature, established resident base with stable, long-term occupancy patterns throughout the submarket
SW Families Segment
Dominant consumer segment — Southwestern Families — underscoring the neighborhood's deep cultural identity and residential stability
T5-L Zoning: By-Right Density with
Live Local Act Upside
The property is zoned T5-L (Urban Center Zone — Limited) under the City of Miami's Miami 21 Zoning Code — a mid-intensity, walkable transect supporting multifamily residential, hotel, office, and general commercial uses entirely by right. No rezoning, no variance, and no public hearing is required to develop a residential or mixed-use project on this site.
At 65 dwelling units per acre applied to the 0.60-acre assemblage, the site supports approximately 39 residential units by right. Combined with up to 80% lot coverage and a 5-story maximum height under base T5-L standards, the development envelope is substantial and immediately actionable.
T5-L Dimensional Standards (Miami 21, Article 5)
Live Local Act — Key Parameters
40%
Affordable unit set-aside required
120% AMI
Maximum income threshold for affordable units
30 Years
Minimum affordability covenant period
Exterior & Guest Rooms
Offered at $4,950,000
This offering price reflects the property's highest and best use as a covered-land and redevelopment opportunity under its confirmed T5-L entitlement, supported by recent comparable land sales along the W Flagler St and greater Little Havana corridor. The submarket has produced a deep and liquid volume of closed hospitality and land transactions over the trailing three years — providing institutional-grade comparables and clear price discovery for underwriting.
The existing 30-key economy motel remains a permitted-by-right use and continues generating holding-period cash flow during the design, permitting, and entitlement timeline. A qualified buyer can pursue rezoning under the Live Local Act or proceed directly on the by-right T5-L envelope — with no public hearing required for the latter path. This is a straightforward, low-execution-risk acquisition on one of Miami's most sought-after infill redevelopment corridors.
Pricing Summary
- Offered At: $4,950,000
- Price Per Key: ~$165,000 / Room
- Price Per SF (Land): ~$189 / SF
- Price Per By-Right Unit: ~$127,000 / Unit
- Zoning: T5-L — No Rezoning Required
- Live Local Act: Confirmed Eligible
- In-Place Income: Yes — 30 Keys Operating
- Flood Zone: X — Outside SFHA
- Ownership: Single Seller, Clean Title
Contact the Exclusive Listing Agents
For additional information, a confidential tour, or to submit a Letter of Intent, please contact the exclusive listing team at Avanti Way Commercial directly. All inquiries are held in strict confidence.
Fernando Arencibia Jr.
Avanti Way Commercial
Direct: 786-512-3745
Jennifer Wollmann
Avanti Way Commercial
Direct: 305-776-2792
Catalina Pineda Figueroa
Avanti Way Realty
Direct: 786-494-9935
This Offering Memorandum has been prepared by Avanti Way Commercial solely for use by a limited number of qualified prospective purchasers in evaluating the potential acquisition of the Ramona Motel. It is being delivered on a confidential basis and does not carry any right of publication or reproduction. The information contained herein has been obtained from sources believed to be reliable, but Avanti Way Commercial makes no representation or warranty as to its accuracy or completeness. Prospective purchasers should conduct their own independent investigation and due diligence prior to submitting an offer. This document does not constitute an offer to sell or a solicitation of an offer to buy the property.