Metro 1 Commercial QOZB LLC (“Metro 1”) exclusively presents for sale the property located at 6900-6920 NE 2 Avenue, Miami, FL (“The Property”).
The Property is located at NE 2 Avenue in the Little Haiti/Little River neighborhood, just north of the Design District and the Magic City Innovation District, with easy access to Miami Beach and Major highways such as I-95 and I-195. Only minutes away from Wynwood, Midtown, and the Biscayne Corridor.
The Property is zoned T5-O, which allows for up to 65 units per acre and up to five stories.
Under the Live Local Act, the Property may be able to apply to a density of up to 150 units+ and 8 stories, by renting at least 40% of the units to residents earning up to 120% area median income (“AMI”).
The area is ripe for development, with major projects nearby like the Magic City Innovation District - Little Haiti with 2,700 units, AJ Capital’s Little River with a few hundred units, CEDARst’s multifamily project on 77th St & NE 2 Ave with 191 units, and Morgan Reed’s Little River Center with 100 units.