395 NW 177th St - 3.49 Acres - High Density Dev. Site 3.48 Acres of Residential Land Offered at $8,900,000 in Miami, FL 33169

The Porosoff Group is pleased to present exclusively for sale the subject property located at 395 NW 177th Street in Miami Gardens, Florida, is a 3.49-acre vacant redevelopment site zoned under the Planned Corridor Development District (PCD). This zoning allows for high-density, mixed-use development, with a maximum residential density of 150 units per acre and a building height of up to 20 stories with bonuses. Under a hypothetical condition assuming full entitlement, the site could accommodate up to 523 residential units, totaling approximately 418,400 square feet of net living area and 889,100 square feet of gross building area, with 1,176 parking spaces required per code.
The property is situated in the Golden Glades sub-area, a well-connected neighborhood with proximity to major transportation routes, retail centers, and entertainment venues such as the Walmart Supercenter and Top Golf. The area is predominantly residential, with a mix of single-family homes and multi-family developments.
Given the site’s strategic location and zoning flexibility, it presents a compelling opportunity for future multi-family development. While current market conditions such as elevated construction costs, interest rates, and insurance premiums, may delay immediate development, the long-term fundamentals remain strong. The highest and best use of the property, in the near term, is to hold or land bank the asset until market conditions are more favorable for vertical construction.