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3105 NW 62nd St
Miami, FL 33147
NW 62nd Street - Commercial Land · Land For Sale
·
0.43 AC
Investment Highlights
- Offered at $1,195,000 ($64 PSF), provides a compelling land basis relative to Miami infill land values, supporting developer and end-user Strategies.
- Allows investors to evaluate a range of end uses including retail, service-oriented commercial, or light industrial concepts (subject to approvals).
- The surrounding area continues to experience gradual infill, reinforcing long-term corridor fundamentals.
- BU-2 zoning provides broad commercial development flexibility.
- Located in a mature Miami trade area with ongoing commercial activity and steady redevelopment momentum.
- Miami's development cost structure creates embedded upside for future stabilized yield expansion upon completion of a build-out or repositioning.
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a prime development asset located at 3105 Northwest 62nd Street in Miami, FL. Positioned at a strategic signalized intersection, this 18,697-square-foot vacant land parcel is exposed to a combined traffic count of 42,800 vehicles per day.
This exceptional development site is offered at an asking price of $1,195,000, which equates to an attractive land value of $64 per square foot. Operating under a BU-2 zoning classification, the subject property provides significant flexibility for a variety of commercial development opportunities, maximizing its long-term value potential.
The parcel provides 18,697 square feet of developable area, presenting a blank canvas for investors or owner-users to capitalize on Miami's dynamic commercial real estate market. Identified by parcel number 30-3116-000-0266, the site benefits from its prominent positioning, ensuring maximum visibility and accessibility for future development projects.
Miami continues to be one of the most sought-after development markets in the United States, driven by robust economic growth and sustained commercial demand. The acquisition of this BU-2 zoned parcel offers a rare opportunity to secure a strategic footprint in a high-traffic corridor. With its compelling price point and excellent exposure to over 42,800 vehicles daily, 3105 Northwest 62nd Street stands out as a premier land investment positioned for immediate development and long-term success.
This exceptional development site is offered at an asking price of $1,195,000, which equates to an attractive land value of $64 per square foot. Operating under a BU-2 zoning classification, the subject property provides significant flexibility for a variety of commercial development opportunities, maximizing its long-term value potential.
The parcel provides 18,697 square feet of developable area, presenting a blank canvas for investors or owner-users to capitalize on Miami's dynamic commercial real estate market. Identified by parcel number 30-3116-000-0266, the site benefits from its prominent positioning, ensuring maximum visibility and accessibility for future development projects.
Miami continues to be one of the most sought-after development markets in the United States, driven by robust economic growth and sustained commercial demand. The acquisition of this BU-2 zoned parcel offers a rare opportunity to secure a strategic footprint in a high-traffic corridor. With its compelling price point and excellent exposure to over 42,800 vehicles daily, 3105 Northwest 62nd Street stands out as a premier land investment positioned for immediate development and long-term success.
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | BU-2 - 6400 - COMMERCIAL - CENTRAL BU-2-Business Districts, special | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.43 AC |
| Opportunity Zone |
Yes |
| Zoning | BU-2 - 6400 - COMMERCIAL - CENTRAL BU-2-Business Districts, special |
1 Lot Available
Lot 1
| Price | $1,195,000 | Lot Size | 0.43 AC |
| Price Per AC | $2,784,094.09 |
| Price | $1,195,000 |
| Price Per AC | $2,784,094.09 |
| Lot Size | 0.43 AC |
Property Taxes
| Parcel Number | 30-3116-000-0266 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $298,104 |
Property Taxes
Parcel Number
30-3116-000-0266
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$298,104
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