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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
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.
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.
Property Facts Under Contract
| Price | $1,400,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.44 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | T5-L - Mixed-Use | ||
| Price | $1,400,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.44 AC |
| Opportunity Zone |
Yes |
| 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)
Description
Land for Sale in Little River
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-3113-021-0270 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $645,130 |
Property Taxes
Parcel Number
01-3113-021-0270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$645,130
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159 NE 64th St - Little River Development Site
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