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INVESTMENT HIGHLIGHTS
- Lots are located on a T-3, T-4, and T-5, R zoning
EXECUTIVE SUMMARY
The properties consist of three vacant lots "Little River " subdivision of Miami FL. The lots have similar zoning allowing for more density on the T5 lots and less on the T3. Combined, the lots total 27,080 ft of land with the potential "by right" to build twenty-three units. The owners' vision is that of a loosely tied "Townhome Enclave". All the parcels are positioned centrally within the Little River vicinity, nestled just northwest of the prosperous Edgewater and NIMO neighborhoods. To the south lie Downtown Miami and Miami Beach, while to the north, North Miami Beach remains a focal point for developers. As of 2024, it comprises 9% of Miami's units under construction, marking a significant surge from slightly over 4% before 2019.
-119 NW 61st St
The subject property is a one-parcel lot. The site has approximately 50 ft frontage on NW 61 Street North to South and close to 148 ft deep.
Property Highlights:
0.17 AC Lot
7,150 SF Lot
T-3, O zoning
(4) buildable units: $492,424.00
-5527 NW Miami Ct
The subject property is a one-parcel lot. The site has approximately 80 ft frontage on NW Miami CT East to West and close to 118 ft deep.
Property Highlights:
0.23 AC Lot
9,947 SF Lot
T-4, R zoning
(8) buildable units: $666,666.00
-6345 NE 1st Ave
The subject property is a one-parcel lot. The site has approximately 52ft frontage on NE 1 Ave East to West and close to 95 ft deep.
Property Highlights:
0.11 AC Lot
4,750 SF Lot
T-5, R zoning
(2) buildable units: $327,135.00
-119 NW 61st St
The subject property is a one-parcel lot. The site has approximately 50 ft frontage on NW 61 Street North to South and close to 148 ft deep.
Property Highlights:
0.17 AC Lot
7,150 SF Lot
T-3, O zoning
(4) buildable units: $492,424.00
-5527 NW Miami Ct
The subject property is a one-parcel lot. The site has approximately 80 ft frontage on NW Miami CT East to West and close to 118 ft deep.
Property Highlights:
0.23 AC Lot
9,947 SF Lot
T-4, R zoning
(8) buildable units: $666,666.00
-6345 NE 1st Ave
The subject property is a one-parcel lot. The site has approximately 52ft frontage on NE 1 Ave East to West and close to 95 ft deep.
Property Highlights:
0.11 AC Lot
4,750 SF Lot
T-5, R zoning
(2) buildable units: $327,135.00
PROPERTY FACTS
| Price | $1,486,225 | Number of Properties | 3 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 0.56 AC |
| Price | $1,486,225 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Land Area | 0.56 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
|
Little River Townhome Enclave
119 NW 61ST STREET, Miami, FL 33127 |
Land | 0.23 AC | - |
| 5527 NW Miami Ct, Miami, FL 33127 | Land | 0.22 AC | - |
| 6345 NE 1st Ave, Miami, FL 33138 | Land | 0.11 AC | - |
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