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113-115 SE 1st St 0.15 Acres of Commercial Land Offered at $7,500,000 in Miami, FL 33131
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INVESTMENT HIGHLIGHTS
- 6,600-square-foot development site within T6-80-O zoning with approved waiver/variances.
- In Miami Downtown's CBD close to major new developments and proximity to the Flagler Street pedestrian project.
- The seller is looking for 1031 Exchange properties such as Multifamily, NNN Properties, land for smaller multifamily suburban use.
- Golden opportunity for developers/investors for multifamily residential under the SB 102 (2023)/ "Live Local Act" with all its benefits.
- Strategically located 0.1. mile to Interstate 95 and 3-minute walk to the Metromover.
EXECUTIVE SUMMARY
113-115 SE 1st Street offers 6,600 square meters of land suitable for new development with T6-80-O, the most flexible area category under Miami 21, and allows a wide range of uses, including apartment buildings, hotels and office buildings, with a buildable area of 158,400 square feet.
The location is in the heart of Miami's business district, close to larger new buildings and the Flagler pedestrian road project. There are already approved exemptions and deviations, making this an excellent opportunity for developers and investors. 113-115 SE 1st Street is particularly attractive for multi-family residential projects under SB 102 (2023), also known as the “Live Local Act,” which offers significant benefits in terms of land use, zoning and taxes.
It is just a few minutes' walk from Brickell City Center, Miami World Center, Kaseya Center and Miami Central Station. It's also strategically located just 0.1 miles from Interstate 95 and a three-minute walk from the Metromover.
The location is in the heart of Miami's business district, close to larger new buildings and the Flagler pedestrian road project. There are already approved exemptions and deviations, making this an excellent opportunity for developers and investors. 113-115 SE 1st Street is particularly attractive for multi-family residential projects under SB 102 (2023), also known as the “Live Local Act,” which offers significant benefits in terms of land use, zoning and taxes.
It is just a few minutes' walk from Brickell City Center, Miami World Center, Kaseya Center and Miami Central Station. It's also strategically located just 0.1 miles from Interstate 95 and a three-minute walk from the Metromover.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $7,500,000 | Lot Size | 0.15 AC |
| Price Per AC | $49,500,049.50 |
| Price | $7,500,000 |
| Price Per AC | $49,500,049.50 |
| Lot Size | 0.15 AC |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 01-0112-010-1101 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,615,121 |
PROPERTY TAXES
Parcel Number
01-0112-010-1101
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,615,121
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113-115 SE 1st St
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