An income-producing site for those ready to invest in Miami’s next great neighborhood.
This strategic property totals 41,650 net square feet of well-located commercial land with high-density development rights. Income is generated from 9 existing office tenants. Offices are fully leased to architectural and design firms. In addition, there are 5 multi-family apartments and a 40-year auto mechanic business.
The 1-owner, 3-parcel assemblage sits within a prized area with zoning designation T6-8-0 which allows for the development of up to 8 stories and 150 multifamily units/acre, or 144 total units by right. The maximum buildable area totals 208,250 sq ft.
Zoning Analysis
Little River Covered Land Play Zoned T6-8-O
At 150 du/ac, the assemblage’s 41,650 SF yield a total apartment unit count of 144
Miami 21 zoning code designates this area a “Future Transit Shed” likely allowing reduction of parking requirement minimums by 30%
Available Bonuses & Waivers
Affordable Housing/Workforce Density Bonus
10% Parking Reductions (Residential)
10% Lot Coverage