113-115 SE 1st St - Commercial LAND FOR SALE


Miami, FL 33131 6,599 SF
$7,620,000 USD
786-606-4288
113-115 SE 1st St, Miami, FL for Sale
$7,620,000 USD
Commercial LAND - FOR SALE
1/4
6,599 SF

113-115 SE 1st St
Miami, FL 33131


HIGHLIGHTS

  • 6,600-square-foot development site within T6-80-O zoning with approved waiver/variances.
  • Golden opportunity for developers/investors for multifamily residential under the SB 102 (2023)/ "Live Local Act" with all its benefits.
  • In Miami Downtown's CBD close to major new developments and proximity to the Flagler Street pedestrian project.
  • Strategically located 0.1. mile to Interstate 95 and 3-minute walk to the Metromover.
  • The seller is looking for 1031 Exchange properties such as Multifamily, NNN Properties, land for smaller multifamily suburban use.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,620,000 USD

PRICE/ACRE

$50,292,000/AC

PRICE/SF

$1,155 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Hold for Development, Hold for Investment, Hotel, Retail Warehouse

LAND ACRES

0.15 AC

LAND SF

6,600 SF

OFFSITE IMPROVEMENTS

Water, Electricity

ZONING

T6-80-O

APN/PARCEL ID

01-0112-010-1101

ASK ABOUT THIS PROPERTY

Claudia WestermayrPEGASOS Global Realty, LLCMore Info
786-606-4288

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Claudia WestermayrPEGASOS Global Realty, LLCMore Info
786-606-4288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.