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1001-1067 NE 79th St - Pelican Harbor Development Opportunity 1.06 Acres of Commercial Land Offered at $12,750,000 in Miami, FL 33138
Investment Highlights
- Multifamily Density and Building Height Upside Through Live Local Act
- Prominent Visibility with +/- 380 Feet of Frontage Along the 79th Street Causeway
- Located a Half Mile from Pelican Harbor Public Boat Ramp with Direct Bay Access
- Positioned Near North Bay Village Driving Long-Term Demand
- Fully Conceptualized 345-Boat Dry Dock Marina with Vertical Storage System
Executive Summary
+/- 46,410 square foot development site positioned along the highly trafficked 79th Street Causeway, a primary corridor linking mainland Miami to North Bay Village and Miami Beach
+/- 4,320 square foot existing building on site to be delivered vacant at time of sale
Zoned T5-O with potential eligibility under the Live Local Act, which may allow for increased density and building height for qualifying multifamily or mixed-use development
Positioned near the rapidly transforming North Bay Village submarket, with 3,000+ residential units and significant mixed-use development reshaping the area into a high-growth waterfront destination
Approximately 380 feet of frontage with exposure to over 44,000 vehicles per day, providing exceptional visibility along one of Miami’s most active commuter corridors
Alternative marina development with plans for a 345-slip dry dock facility, utilizing a five- and six-story vertical rack system
Strong marine storage demand supported by approximately 92,000 registered vessels in Miami-Dade County, driving long-term revenue potential
Strategically located 0.5 miles from Pelican Harbor Marina, a full-service public boating facility with direct access to Biscayne Bay
Property Facts
| Price | $12,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.06 AC |
| Property Type | Land | ||
| Zoning | T5-0 - Commercial | ||
| Price | $12,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.06 AC |
| Zoning | T5-0 - Commercial |
1 Lot Available
Lot
| Price | $12,750,000 | Lot Size | 1.06 AC |
| Price Per AC | $12,028,301.89 |
| Price | $12,750,000 |
| Price Per AC | $12,028,301.89 |
| Lot Size | 1.06 AC |
+/- 1.07-acre, six (6) parcel development site located along the 79th Street Causeway, offering a rare opportunity to capitalize on one of Miami’s most visible and strategically positioned corridors
Description
±46,410 square foot development site located along the heavily traveled 79th Street Causeway, a key corridor connecting mainland Miami to North Bay Village and Miami Beach. The property includes a ±4,320 square foot existing building to be delivered vacant at closing and offers ±380 feet of frontage with exposure to over 44,000 vehicles per day. Zoned T5-O with potential eligibility under the Live Local Act, the site may support increased density and height for multifamily or mixed-use development. Positioned near the rapidly redeveloping North Bay Village submarket, the property also offers an alternative marina redevelopment concept, including plans for a 345-slip dry dock facility supported by strong regional marine storage demand.
Property Taxes
| Parcel Numbers | Improvements Assessment | $238,182 | |
| Land Assessment | $2,326,450 | Total Assessment | $6,995,659 |
Property Taxes
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1001-1067 NE 79th St - Pelican Harbor Development Opportunity
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