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329 NW 12th Ave 0.16 Acres of Commercial Land Offered at $1,450,000 in Miami, FL 33128
Investment Highlights
- T6-8-O Development Site – Up to ±32,930 Buildable SF
- Live Local Eligible – Multifamily Development Opportunity
- Vacant Urban Infill Site – Utilities Available
- Transit-Oriented Development (TOD) Corridor – Parking Reduction Eligible
- Up to 8 Stories Allowed – 5.0 FAR
- Minutes to Downtown Miami and Brickell
Executive Summary
Zoning: T6-8-O
Key Development Metrics:
• Lot Size: ±7,150 SF
• FAR: 5.0
• Buildable Area: ±32,930 SF
• Maximum Height: 8 Stories
• Maximum Lot Coverage: 80%
• Maximum Units: 22
• Maximum Lodging Rooms: 45
Development Advantages:
• Transit-Oriented Development Overlay
• Parking Reduction Eligible
• Live Local Eligible
• Affordable & Attainable Mixed-Income Overlay
• Utilities Available
• Level Site
Permitted Uses:
• Multifamily Residential
• Mixed Use
• Commercial
• Office
• Hotel / Lodging
Offering Price:
$1,450,000
Offering Memorandum available upon request.
Property Facts
1 Lot Available
Lot
| Price | $1,450,000 | Lot Size | 0.16 AC |
| Price Per AC | $8,841,463.41 |
| Price | $1,450,000 |
| Price Per AC | $8,841,463.41 |
| Lot Size | 0.16 AC |
±7,150 SF development parcel with 50 ft frontage. Level urban infill site with utilities available. T6-8-O zoning allows up to ±32,930 buildable SF and 8 stories.
Description
Prime development opportunity in Miami's rapidly growing Little Havana corridor. 329 NW 12 Ave is a vacant urban infill development site located minutes from Downtown Miami and Brickell. The property is ideally positioned for multifamily or mixed-use development in one of Miami's most active redevelopment areas. The site is located within a Transit-Oriented Development corridor, allowing reduced parking requirements and improved development feasibility. The property is also eligible under the Florida Live Local Act and Affordable & Attainable Mixed-Income overlay, expanding development possibilities for workforce housing projects. The combination of urban-core zoning, TOD incentives, and proximity to Downtown Miami creates a highly efficient development opportunity. Ideal development uses include: • Multifamily Residential • Mixed-Use Development • Workforce Housing • Boutique Lodging • Office or Commercial Development Example Development Programs Possible residential concepts include: • Studio apartments • One-bedroom apartments • Two-bedroom apartments • Workforce housing units • Micro-units or efficient layouts Typical projects may include approximately 20–22 residential units depending on unit mix and design. The zoning and TOD overlay allow efficient mid-rise apartment development with reduced parking requirements. The property is vacant and ready for development with utilities available. Located in the Little Havana urban corridor with convenient access to: • Downtown Miami • Brickell • Miami River District • I-95 Strong rental demand and continued redevelopment activity make this location attractive for long-term investment.
Property Taxes
| Parcel Number | 01-4102-005-1190 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $628,098 |
Property Taxes
Presented by
Mercator USA Inc.
329 NW 12th Ave
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