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645 SW 16th Ave - Little Havana | Corner Development Site 0.23 Acres of Commercial Land Offered at $1,400,000 in Miami, FL 33135
INVESTMENT HIGHLIGHTS
- 9,863 SF lot with T5-O zoning, enabling 5-stories in height at 65 units per AC, supporting 14 residential units or 28 hotel keys as-of-right.
- Steps from Calle Ocho’s iconic destinations, including the world-famous Ball & Chain nightclub and Domino Park, two of Miami’s top cultural landmarks.
- Located in one of Miami-Dade County’s most densely populated neighborhoods, with over 60,000 residents within a 1-mile radius.
- Situated just one block from the most active and sought-after stretch of Little Havana, which attracts an estimated 3 million tourists annually.
- 1.5 miles from Brickell, Miami’s financial district, median household income exceeding $129,000 and some of the highest employment density in the SE.
- Little Havana remains one of Miami’s tightest multifamily submarkets, with a vacancy rate hovering around 3%, with limited new construction.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the sale of 645 SW 16 AVE, Miami, FL 33130. The Parcel Located on a 9,863 SF lot with T5-O zoning, the property allows for five stories at 65 units per acre, supporting 14 residential units or 28 hotel keys as-of-right, with additional density possible under the Live Local Act.
The Subject sits just one block from the most active stretch of Little Havana, which attracts roughly 3 million tourists annually between SW 17th and SW 12th Avenues, and is steps from iconic destinations such as Ball & Chain and Domino Park. The site is also just 1.5 miles from Brickell, Miami’s financial district, an area with a median household income above $129,000 and some of the highest employment density in the Southeast.
Surrounded by one of Miami-Dade County’s most densely populated neighborhoods—Little Havana, , which attracts an estimated 3 million tourists annually, over 60,000 residents within one mile and more than 300,000 within three miles—the property benefits from Little Havana’s remarkably tight multifamily market, where vacancy remains around 3% amid limited new construction and steady renter demand.
The Subject sits just one block from the most active stretch of Little Havana, which attracts roughly 3 million tourists annually between SW 17th and SW 12th Avenues, and is steps from iconic destinations such as Ball & Chain and Domino Park. The site is also just 1.5 miles from Brickell, Miami’s financial district, an area with a median household income above $129,000 and some of the highest employment density in the Southeast.
Surrounded by one of Miami-Dade County’s most densely populated neighborhoods—Little Havana, , which attracts an estimated 3 million tourists annually, over 60,000 residents within one mile and more than 300,000 within three miles—the property benefits from Little Havana’s remarkably tight multifamily market, where vacancy remains around 3% amid limited new construction and steady renter demand.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,400,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Total Lot Size | 0.23 AC |
| No. Lots | 1 | Year Built | 1953 |
| Property Type | Land | ||
| Zoning | T5-O - T5-O - URBAN CENTER ZONE | ||
| Price | $1,400,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.23 AC |
| Year Built | 1953 |
| Zoning | T5-O - T5-O - URBAN CENTER ZONE |
1 LOT AVAILABLE
Lot
| Price | $1,400,000 | Lot Size | 0.23 AC |
| Price Per AC | $6,183,117.44 |
| Price | $1,400,000 |
| Price Per AC | $6,183,117.44 |
| Lot Size | 0.23 AC |
LAWRENCE ESTATE LAND COS SUB, PB 2-46, S100FT LOTS 11 & 12 LESS R/W, BLK 102, LOT SIZE 100.000 X 100, OR 19818-0651 0801 5
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 01-4102-006-5970 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $392,866 |
PROPERTY TAXES
Parcel Number
01-4102-006-5970
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$392,866
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645 SW 16th Ave - Little Havana | Corner Development Site
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