The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33142
- Longitude:
- W81° 45' 44.3''
- Latitude:
- N25° 48' 46''
- Cumulative DOM:
- 399
- DOM:
- 223
- Directions:
- The submarket extends north from the City of Miami Gardens to the Allapattah neighborhood to the south, bordered by I-95 on the east. 34,000 square feet.
- Internet Listing Display:
- 1
- LotSize Dimensions:
- 13386x25267
- Parcel Number:
- 01-31-28-013-3450
- Subdivision Name:
- MELROSE HEIGHTS 4TH SEC
- Tax Annual Amount:
- $34,774
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
Miami, Florida 33142
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $3,900,000
- Lot Area :
- 34,000 Sqft
- MLS # :
- A11833062
