321 78th Street
Miami, FL 33138

Property

Ownership: For Sale
Type: Land
Lot Size: 0.2 Acres

Financials

Price:$1,500,000
Annual Taxes:$12,038
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of The Alpha Commercial Advisors LLC

PRESENTING A HIGH DENSITY INFILL DEVELOPMENT OPPORTUNITY JUST OFF LITTLE RIVER S HYPER ACTIVE NE 79TH STREET CORRIDOR.

Description

PRESENTING A HIGH-DENSITY INFILL DEVELOPMENT OPPORTUNITY JUST OFF LITTLE RIVER’S HYPER-ACTIVE NE 79TH STREET CORRIDOR....The property's underlying T6-8-O zoning provides a flexible framework for multifamily, mixed-use, and commercial development, with significant additional density potential through the Live Local Act. An existing vacant 2,932 SF multifamily building has a demolition permit ready to go, allowing developers to move toward site preparation without the complications of tenant relocation or an extended demolition permitting process. Its Qualified Opportunity Zone designation offers potential tax benefits for eligible investments, adding another layer of appeal for long-term development strategies. Positioned just south of NE 79th Street, the site benefits from a growing wave of residential and mixed-use development throughout Little River, including the nearby CedarST and Little River Plaza projects currently under construction. As new projects bring additional residents, businesses, and investment into the neighborhood, the property is well positioned to benefit from continued growth. With convenient access to Biscayne Boulevard, NE 2nd Avenue, and I-95, this offering presents an attractive opportunity to develop within one of Miami's evolving urban core neighborhoods.

Amenities

  • Irregular Lot
  • Sewer Not Available

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.