113-115 SE 1st Street offers 6,600 square meters of land suitable for new development with T6-80-O, the most flexible area category under Miami 21, and allows a wide range of uses, including apartment buildings, hotels and office buildings, with a buildable area of 158,400 square meters.
The location is in the heart of Miami's business district, close to larger new buildings and the Flagler pedestrian road project. There are already approved exemptions and deviations, making this an excellent opportunity for developers and investors. 113-115 SE 1st Street is particularly attractive for multi-family residential projects under SB 102 (2023), also known as the “Live Local Act,” which offers significant benefits in terms of land use, zoning and taxes.
It is just a few minutes walk from Brickell City Center, Miami World Center, Kaseya Center, and Miami Central Station. It's also strategically located just 0.1 miles from Interstate 95 and a three-minute walk from the Metromover.