Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Lot Size: | 0.6 Acres |
Financials
Price:$10,500,000
Annual Taxes:$49,000
Listing Courtesy of I Home Miami
Prime Development Opportunity with Existing Income Exceptional opportunity to acquire a 24, 480 SF development site in one of Miami s fastest growing corridors.
Description
Prime Development Opportunity with Existing Income
Exceptional opportunity to acquire a 24,480 SF development site in one of Miami’s fastest-growing corridors. Located directly on Biscayne Blvd, this property offers high visibility, strong traffic exposure, and significant upside potential.
The site is currently home to the well-known “Jimmy’s” restaurant, a recognized local landmark, providing immediate presence and potential holding income while planning redevelopment.
Zoning: Dual zoning T5-O & T3-L
Development Potential: Approx. 36 residential units (subject to setbacks and regulations)
Height Allowance: Up to 3 stories / 40 ft (principal structure)
Ancillary Structures: Up to 2 stories, not exceeding main building height
Density & FAR: No traditional limits applied
Use: Mixed-use development permitted
Miami 21 zoning (Article 4, Table 3) allows a wide range of uses including residential, retail, office, and hospitality making this site ideal for a boutique mixed-use project or residential development.
Strategically positioned in a rapidly evolving area with ongoing growth and redevelopment, this property offers a rare combination of location, flexibility, and income in place.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12005314
Amenities
- CableAvailable
- ElectricityAvailable
- NaturalGasAvailable
- SewerAvailable
- TrashCollection
- WaterAvailable

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.