4385 SW 70th Ct 17,686 SF Industrial Building Miami, FL 33155 $25,000,000 ($1,413.55/SF)

The Canero Group is pleased to present 4385 SW 70th Court, a 2.26-acre industrial assemblage strategically located in the heart of Miami-Dade County. The site is currently improved with an 18,617 square foot single story manufacturing facility leased to Best Truss Co., providing valuable in-place income while a developer pursues entitlements. Under Florida’s Live Local Act, the Property qualifies for administrative approval of a high-density multifamily project by right, no rezoning, no public hearings, and no comprehensive plan amendment required.
Miami-Dade County has interpreted the Live Local Act to allow up to 250 dwelling units per acre as a by right density benchmark. The Property is located within 0.16 miles of a BU-2 zoning district, which under the 2026 updates to the Act may permit unlimited height for qualifying multifamily developments. Zoning Verification Letter J2025000054 confirms this interpretation for projects within one mile of a BU-2 district.
To qualify, a development must consist of multifamily rental units with at least 40% of the residential units restricted as affordable to households earning up to 120% of area median income, for a minimum of 30 years. Affordable units are monitored through an annually renewable Certificate of Use and recorded covenants ensuring 30-year compliance. Mixed-use projects must dedicate at least 65% of total square footage to residential use.
The site sits in a rapidly transitioning industrial pocket bordered by recent multifamily development, with surrounding new construction confirming the corridor’s trajectory. As one of the few large format, by right entitled development sites available in central Miami-Dade County, this offering represents a unique opportunity to deliver a landmark project at scale.