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159 NE 64th St - Little River Development Site 0.44 Acres of Commercial Land Offered at $1,400,000 in Miami, FL 33138

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INVESTMENT HIGHLIGHTS

Optimal location

Opportunity zone

EXECUTIVE SUMMARY

Opportunity to purchase a prime development lot in a rapidly emerging neighborhood. 159 NE 64 Street is located between the Magic City Innovation District and the red hot Little River market, locations tapped by pioneering investors to undergo a Wynwood like transformation.
The lot allows development up to 5 stories and 29 residential units as well as office, hotel, and certain retail uses.
The immediate neighborhood has seen the introduction of a wide variety of neighborhood changing occupants such as trendy entertainment venues, fitness facilities, a local favorite steak house, a popular Padel Ball club, and even a Michelin Star restaurant, among others.
This boutique development site offers a savvy developer or investor the chance to bank in on the future appreciation of Miami’s fastest growing neighborhood.

159 NE 64 ST - OM

PROPERTY FACTS

Price	$1,400,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use
No. Lots	1	Total Lot Size	0.44 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T5-L - Mixed-Use

Price	$1,400,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use
Total Lot Size	0.44 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T5-L - Mixed-Use

1 LOT AVAILABLE

Lot

Price	$1,400,000	Lot Size	0.44 AC
Price Per AC	$3,209,684.08

Price	$1,400,000
Price Per AC	$3,209,684.08
Lot Size	0.44 AC

19,158 SF T5-L Zoning Allowed Height: 5 stories Allowed Density: 29 residential units, 58 hotel units (before bonuses) Buildable SF: 76,632 SF (before bonuses)