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1790 NE 149th St 0.34 Acres of Residential Land Offered at $699,000 in Miami, FL 33181

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Investment Highlights

15,000 SF (0.34 Acres)
Opportunity Zone Designation
Strong Rental Market Fundamentals

Planned 17-Unit Residential Development
Excellent North Miami Beach Location
Potential Tax Benefits for Qualified Opportunity Zone Investors

Executive Summary

Rare opportunity to acquire a development-ready multifamily parcel in an Opportunity Zone. The property offers the potential to develop a 17-unit residential project featuring one-bedroom apartments, addressing strong rental demand in the North Miami Beach market. Vacant land with no structures to demolish, minimizing upfront development costs and timelines. Ideal for developers, investors, and Opportunity Zone buyers seeking long-term value creation in a supply-constrained submarket. Buyer to independently verify zoning, density, building plans, approvals, and development potential. Seller is open to an equity partnership on the deal.

Property Facts

Price	$699,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Multifamily Apartment Units Apartment Units - Condo
No. Lots	1	Total Lot Size	0.34 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	RU-4 - Residential Multi-Family

Price	$699,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units Apartment Units - Condo
Total Lot Size	0.34 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	RU-4 - Residential Multi-Family

1 Lot Available

Lot

Price	$699,000	Lot Size	0.34 AC
Price Per AC	$2,080,976.48

Price	$699,000
Price Per AC	$2,080,976.48
Lot Size	0.34 AC

Prime multifamily development site consisting of 15,000 SF (0.34 acres) in the rapidly growing North Miami Beach submarket. Qualified Opportunity Zone. FEMA Flood Zone X. The site is currently vacant providing a clean slate for development.

Description

Prime multifamily development opportunity in North Miami Beach. This 15,000 SF vacant site is located within a designated Qualified Opportunity Zone and offers the potential to develop a 17-unit residential building comprised of one-bedroom apartments. Positioned in a high-demand rental market with strong population growth and limited housing inventory, the property presents an attractive opportunity for developers and long-term investors. The site is currently vacant with no existing structures, reducing demolition costs and facilitating a streamlined development process. Conveniently located near major transportation corridors, retail centers, schools, employment hubs, and everyday amenities, the property benefits from excellent accessibility and neighborhood connectivity. This is a rare opportunity to acquire a development parcel in one of Miami-Dade County's most dynamic submarkets, with the added advantage of Opportunity Zone incentives and strong multifamily fundamentals. Highlights: 15,000 SF (0.34 Acres) Opportunity Zone Designation Planned 17-Unit Residential Development One-Bedroom Apartment Configuration Vacant Land – No Existing Improvements Strong Rental Market Fundamentals Excellent North Miami Beach Location Potential Tax Benefits for Qualified Opportunity Zone Investors Buyer to independently verify all zoning, density, development rights, approvals, and Opportunity Zone eligibility.

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