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6900 NE 2nd Ave 0.52 Acres of Commercial Land Offered at $2,500,000 in Miami, FL 33138

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INVESTMENT HIGHLIGHTS

Located in High-Growth Area - Little Haiti/Little River
Corner Lot

Ideal for Live Local Act

EXECUTIVE SUMMARY

Metro 1 Commercial QOZB LLC (“Metro 1”) exclusively presents for sale the property located at 6900-6920 NE 2 Avenue, Miami, FL (“The Property”).The Property is located at NE 2 Avenue in the Little Haiti/Little River neighborhood, just north of the Design District and the Magic City Innovation District, with easy access to Miami Beach and Major highways such as I-95 and I-195. Only minutes away from Wynwood, Midtown, and the Biscayne Corridor. Under the Live Local Act, the Property may be able to apply to a density of up to 150 units+ and 8 stories, by renting at least 40% of the units to residents earning up to 120% area median income (“AMI”).

Offering Memorandum
Miscellaneous

PROPERTY FACTS

Price	$2,500,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Mixed Use
No. Lots	1	Total Lot Size	0.52 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T5-O - Allows up to 5 stories and 65 units per acre

Price	$2,500,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use
Total Lot Size	0.52 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T5-O - Allows up to 5 stories and 65 units per acre

1 LOT AVAILABLE

Lot

Price	$2,500,000	Lot Size	0.52 AC
Price Per AC	$4,766,280.66

Price	$2,500,000
Price Per AC	$4,766,280.66
Lot Size	0.52 AC

22,848 SF Lot zoned T5-O The Property is zoned T5-O, which allows for up to 65 units per acre and up to five stories.

DESCRIPTION

Under the Live Local Act, the Property may be able to apply to a density of up to 150 units+ and 8 stories, by renting at least 40% of the units to residents earning up to 120% area median income (“AMI”). The area is ripe for development, with major projects nearby like the Magic City Innovation District - Little Haiti with 2,700 units, AJ Capital’s Little River with a few hundred units, CEDAR st’s multifamily project on 77th St & NE 2 Ave with 191 units, and Morgan Reed’s Little River Center with 100 units.

PROPERTY TAXES

Parcel Number	01-3113-009-0600	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$492,670

PROPERTY TAXES

Parcel Number

01-3113-009-0600

Land Assessment

Improvements Assessment

Total Assessment

$492,670

(786) 690-7500

CONTACTS

Andres Nava
Chris Funk
Metro 1 Commercial

Listing ID: 30802460
Date on Market: 1/28/2024
Last Updated:
Address: 6900 NE 2nd Ave, Miami, FL 33138

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6900 NE 2nd Ave, Miami, FL for sale Building Photo- Image 1 of 4 — Aerial Photo

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