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7722 NW 1st Ave
Miami, FL 33150
Little River Development Assemblage - 0.48-Ac · Land For Sale
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0.48 AC
Investment Highlights
- 0.48-acre (20,776 SF) corner assemblage - two contiguous parcels under common ownership
- Federally designated Opportunity Zone with potential tax advantages for investors
- Priced at $2,300,000, about $111 per land SF - below recent Little River development-site trades
- T5-R zoning allows up to 31 residential units by right at 65 units per acre
- On the FEC rail corridor and Northeast SMART transit corridor; minutes to Wynwood and the Design District
- Entitlement upside: TSND petition, rezoning to greater density, and by-Exception parking reduction
Executive Summary
0.48-acre (20,776 SF) development assemblage for sale in Miami's Little River - two contiguous T5-R parcels, by-right to 31 residential units, inside a federally designated Opportunity Zone.
Offered as a single sale at $2,300,000 (approximately $111 per land SF), the assemblage anchors the corner of NW 1st Avenue and NW 77th Street under common ownership. It suits residential and mixed-use developers seeking a build-ready infill corner with no assembly risk, as well as investors pursuing a covered-land hold-and-entitle strategy.
T5-R zoning supports up to 31 residential units by right at 65 units per acre within a permitted five-story envelope, of which the by-right program uses only a portion, leaving unbuilt capacity to weigh a density-increasing strategy. The corner is currently improved with two existing structures, allowing a buyer to control and potentially carry the site while a future project is designed, finalized, and permitted. Additional value routes include a Transit Station Neighborhood District (TSND) petition, a rezoning or land-use change to greater density, and a possible parking reduction by Exception given transit proximity.
The property sits on the Florida East Coast rail corridor within Miami-Dade County's Northeast SMART transit corridor, minutes from Wynwood, the Design District, and MiMo. It draws on the momentum of the adjacent $3 billion Little River District, which is set to deliver thousands of new residences, new retail, and a planned transit station. Priced below recent Little River development-site trades, the contiguous corner delivers a build-ready site in a single transaction with no holdout or assembly risk.
Offered as a single sale at $2,300,000 (approximately $111 per land SF), the assemblage anchors the corner of NW 1st Avenue and NW 77th Street under common ownership. It suits residential and mixed-use developers seeking a build-ready infill corner with no assembly risk, as well as investors pursuing a covered-land hold-and-entitle strategy.
T5-R zoning supports up to 31 residential units by right at 65 units per acre within a permitted five-story envelope, of which the by-right program uses only a portion, leaving unbuilt capacity to weigh a density-increasing strategy. The corner is currently improved with two existing structures, allowing a buyer to control and potentially carry the site while a future project is designed, finalized, and permitted. Additional value routes include a Transit Station Neighborhood District (TSND) petition, a rezoning or land-use change to greater density, and a possible parking reduction by Exception given transit proximity.
The property sits on the Florida East Coast rail corridor within Miami-Dade County's Northeast SMART transit corridor, minutes from Wynwood, the Design District, and MiMo. It draws on the momentum of the adjacent $3 billion Little River District, which is set to deliver thousands of new residences, new retail, and a planned transit station. Priced below recent Little River development-site trades, the contiguous corner delivers a build-ready site in a single transaction with no holdout or assembly risk.
Property Facts
1 Lot Available
Lot
| Price | $2,300,000 | Lot Size | 0.48 AC |
| Price Per AC | $4,822,298.31 |
| Price | $2,300,000 |
| Price Per AC | $4,822,298.31 |
| Lot Size | 0.48 AC |
Property Taxes
| Parcel Number | 01-3112-050-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $236,992 |
Property Taxes
Parcel Number
01-3112-050-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$236,992
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