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1225 NE 116th St - 0.98 Acre Development Site with Cash Flow 0.98 Acres of Commercial Land Offered at $2,550,000 in Miami, FL 33161
INVESTMENT HIGHLIGHTS
- Income-Producing Development Site (Duplex + Single-Family Home)
- Established Rezoning Path from RU-2 to MCD (Nearby Precedent)
- Strategic Biscayne Corridor Location
- ±0.98 Acre (˜42,640 SF) Lot with Dual Frontage on NE 116th St & NE 115th St
- Month-to-Month Income While Pursuing Entitlements
EXECUTIVE SUMMARY
While this site has not yet undergone rezoning, its size, frontage, and location closely align with the approved neighboring parcel, offering buyers a defined framework for pursuing a comparable entitlement strategy, subject to all required county reviews and approvals.
Potential Zoning Strategy (Subject to Approval):
Target Zoning: Mixed-Use Corridor District (MCD)
Conceptual Development Potential (Buyer to Verify):
• Multifamily or mixed-use development
• Height and intensity consistent with corridor standards
• Density and use flexibility aligned with recent nearby approvals
All zoning, density, height, and development assumptions are conceptual only and must be independently verified by the buyer through Miami-Dade County.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$72,000
|
$73,551.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$73,551.95
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per AC | $73,551.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per AC | $73,551.95 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $2,550,000 | Lot Size | 0.98 AC |
| Price Per AC | $2,604,964.76 |
| Price | $2,550,000 |
| Price Per AC | $2,604,964.76 |
| Lot Size | 0.98 AC |
Income-producing site in Miami-Dade’s Biscayne Corridor. ±0.98 acres (42,640 SF) with dual frontage on NE 116th St and NE 115th St. Improved with a duplex and single-family residence providing interim rental income.
DESCRIPTION
Income-producing opportunity in Miami-Dade’s Biscayne Corridor. This 0.98-acre site totaling 42,640 SF is well-positioned for future development. The property includes a duplex and a single-family home, providing steady rental income while entitlements are pursued. Tenancies are month-to-month, offering flexibility for a buyer’s plans. A key feature is frontage on both NE 116th Street and NE 115th Street, which supports efficient site planning and access. A nearby parcel of similar size has already obtained rezoning approval along this corridor, helping limit uncertainty for investors seeking a comparable change from RU-2 to MCD. Do not disturb tenants.
PROPERTY TAXES
| Parcel Number | 30-2232-015-0410 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $531,724 (2025) |
PROPERTY TAXES
Presented by
1225 NE 116th St - 0.98 Acre Development Site with Cash Flow
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