Development opportunity, includes 2 adjacent folios. Vacant land zoned D2. Located near I-95 and Biscayne Blvd
Opportunity to purchase a prime hard corner development site in Little River, Miami’s hottest emerging market. Little River is seeing a rapid transformation, with an influx of bullish investors predicting a Wynwood like transformation. The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space. The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
Opportunity to purchase a prime development lot in a rapidly emerging neighborhood. 159 NE 64 Street is located between the Magic City Innovation District and the red hot Little River market, locations tapped by pioneering investors to undergo a Wynwood like transformation. The lot allows development up to 5 stories and 29 residential units as well as office, hotel, and certain retail uses. The immediate neighborhood has seen the introduction of a variety of neighborhood changing occupants such as trendy entertainment venues, fitness facilities, a local favorite steak house, a popular Padel Ball club, and even a Michelin Star restaurant. This boutique development site offers a developer or investor the chance to bank in on the future appreciation of Miami’s fastest growing neighborhood.
Located in Miami's hottest "Opportunity Zone"! Nestled between the booming "Upper East Side", and the re-emerging 79th street corridor, this vacant 6,000 sq ft lot zoned for T5-R is surrounded by multiple neighborhoods undergoing a tremendous amount of growth, expansion, and opportunity. The site is located less than six miles north of the bustling downtown Miami development scene and adjacent to trendy MiMo District, world renowned mixed-use Wynwood, Midtown, and Upper Eastside neighborhoods. Escape the city with a short 5 min drive to North Bay Village and 10 minutes to Miami's white sand beaches. **Click on virtual tour to watch youtube video of the property surroundings.
The median home value in Miami, FL is $524,600. This is higher than the county median home value of $463,600. The national median home value is $338,100. The average price of homes sold in Miami, FL is $524,600. Approximately 25.83% of Miami homes are owned, compared to 60.2% rented, while 13.97% are vacant. Miami real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Miami real estate agent to arrange a tour today!
Miami, Florida 33138 has a population of 440,807. Miami 33138 is less family-centric than the surrounding county with 25.08% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Miami, Florida 33138 is $47,860. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Miami 33138 is 39.9 years.
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 60.6 degrees. The average rainfall is approximately 59.3 inches per year, with 0 inches of snow per year.