Commercial property in Miami, Florida № 2183402

Property description

Rare T5-R redevelopment parcel in fast-moving Little River, offered as part of a two-property assemblage with the adjacent 7722 NW 1st Avenue. This ±13,219 SF lot is currently improved with a ±1,360 SF commercial building operating as a daycare and sits within a federally designated Opportunity Zone. T5-R zoning at 65 units per acre supports multifamily redevelopment, and combined with the neighboring parcel the ±20,776 SF assemblage allows up to 31 units by right within a five-story envelope, with further density upside available through a TSND petition or rezoning. The existing structure offers covered-land flexibility while a future project is designed, finalized, and permitted. Offered exclusively as part of a $2,300,000 assemblage and sold together with 7722 NW 1st Avenue (Folio 01-3112-050-0011), not available separately. Minutes to Wynwood, MiMo, and the $3B Little River District. Buyer to verify zoning, dimensions, and development potential.