540 NW 79th St - Commercial LAND FOR SALE


Miami, FL 33150 14,562 SF
$2,600,000 USD
310-710-5080
540 NW 79th St, Miami, FL for Sale
$2,600,000 USD
Commercial LAND - FOR SALE
1/4
14,562 SF

540 NW 79th St
Miami, FL 33150


HIGHLIGHTS

  • Tax Exemption Benefits Through The Live Local Act For Affordable Housing Developments
  • Hard Corner On Main 79th Street, Minutes From Midtown, Wynwood, Design District
  • In-Place Income With Upside Growth Potential

OVERVIEW

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 540 NW 79th Street, Miami, FL. The subject property is a 14,560 SF infill development site zoned T6-8-O, allowing for a wide variety of high-density developments including residential, hotel, and/or office use. The zoning permits up to 8 stories, and 150 DU/AC, that’s 50 residential units, or 100 hotel keys for our site. The site is currently leased with an NOI of $66,000. The property is strategically located on NW 79th Street, the northern corridor of Little River, in an opportunity zone, with a traffic count of 27,000 cars daily. The site is within easy access to major thoroughfares such as the I-95, NW 2nd Ave, North Miami Ave, NE 2nd Ave, and Biscayne Blvd. It is also minutes away from the Wynwood Arts District, Midtown Miami, and the Design District. Little River & Little River Business District have attracted an array of creative and design-orientated businesses and developers that have spontaneously identified the surrounding neighborhood as one of Miami’s most up-and-coming districts with high growth potential.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/ACRE

$7,777,503/AC

PRICE/SF

$179 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Little River Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Auto Dealership, Auto Repair, Hold for Development, Parking Lot

LAND ACRES

0.33 AC

LAND SF

14,562 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C-2

APN/PARCEL ID

01-3112-016-0190

ASK ABOUT THIS PROPERTY

George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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George BelesisDWNTWN Realty AdvisorsMore Info
310-710-5080

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