Little River Development Site
0.33 Acres of Commercial Land Offered at $2,750,000 USD in Miami, FL 33150
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,750,000
- Property Type
-
Land
Listing Contacts
George Belesis
Verified Profile
- Property Info
Property Overview
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 540 NW 79th Street, Miami, FL. The subject property is a 14,560 SF infill development site zoned T6-8-O, allowing for a wide variety of high-density developments including residential, hotel, and/or office use. The zoning permits up to 8 stories, and 150 DU/AC, that’s 50 residential units, or 100 hotel keys for our site. The site is currently leased with an NOI of $66,000. The property is strategically located on NW 79th Street, the northern corridor of Little River, in an opportunity zone, with a traffic count of 27,000 cars daily. The site is within easy access to major thoroughfares such as the I-95, NW 2nd Ave, North Miami Ave, NE 2nd Ave, and Biscayne Blvd. It is also minutes away from the Wynwood Arts District, Midtown Miami, and the Design District. Little River & Little River Business District have attracted an array of creative and design-orientated businesses and developers that have spontaneously identified the surrounding neighborhood as one of Miami’s most up-and-coming districts with high growth potential.
Property Details
- Property Subtype
- Commercial
Highlights
- Tax Exemption Benefits Through The Live Local Act For Affordable Housing Developments
- Hard Corner On Main 79th Street, Minutes From Midtown, Wynwood, Design District
- In-Place Income With Upside Growth Potential
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