667 NW 1st St - Little Habana potential lot 0.11 Acres of Commercial Land Offered at $1,500,000 in Miami, FL 33128

This 5,000 SF development site in Little Havana is zoned T6-8 under Miami 21, offering a rare high-density infill opportunity within one of Miami’s most active urban residential corridors. Preliminary analysis indicates the potential for up to 34 micro-units through current density allowances and reduced parking requirements, supported by an efficient unit mix targeting both market-rate and workforce housing (60%–120% AMI). The property is currently improved with a single-family residence, providing potential interim rental income while development plans and approvals are advanced, helping offset carrying costs during the entitlement phase. Positioned within a zoning framework designed to support vertical multifamily development, the site benefits from strong underlying demand fundamentals driven by continued population growth and affordability constraints in central Miami. With its compact footprint, efficient yield profile, and alignment with attainable housing policy trends, the property represents a compelling opportunity for developers seeking density-driven infill in a supply-constrained urban core.

Program Unit Breakdown As Entitled:
-50% market rate
Note: The other 50% is between 60-120% Ami
-15% at 60% Ami
-25% at 100% Ami
-10% at 120% Ami