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$1,800,000

PRIME INVESTMENT & DEVELOPMENT OPPORTUNITY! Strategically located in Miami, this property sits on a 7,750 SF lot (50' x 155') in Miami’s growing urban core. The Miami-Dade Property Appraiser identifies the parcel’s Primary Zone as 4600 MULTI-FAMILY – 5 STORY, while the property is currently improved with a single-family residence, creating an attractive opportunity for investors, builders and developers seeking future redevelopment potential. Conveniently positioned near N Miami Ave and NE 62nd St, with access to Little Haiti, MiMo, the Upper Eastside, Design District, Wynwood and major Miami employment and entertainment destinations. Acquire, hold, renovate or explore redevelopment possibilities. A rare opportunity to secure a sizable parcel in an area experiencing continued growth and investment. Buyer to independently verify zoning, permitted uses, density, height, setbacks and development potential with the appropriate governmental authorities.

2 Beds ⋅ 1 Baths ⋅ A12069715 MLS

6220 NE Miami Place, Miami

$295,000

The properties consist of three vacant lots "Little River" subdivision of Miami FL. The lots have similar zoning allowing for more density on the T4 lots and less on the T3. Combined, the lots total 21,580 ft of land with the potential "by right" to build fourteen units. The owners' vision is that of a loosely tied "Townhome Enclave". All the parcels are positioned centrally within the Little River vicinity, nestled just northwest of the prosperous Edgewater and NIMO neighborhoods. To the south lie Downtown Miami and Miami Beach, while to the north, North Miami Beach remains a focal point for developers. As of 2024, it comprises 9% of Miami's units under construction, marking a significant surge from slightly over 4% prior to 2019. Sales volume accelerated in 2021 but has since slowed, with $110 million in volume in 2022 and 2023 volume totaling $170 million, still, this remains elevated relative to pre-pandemic levels. The subject property is a one-parcel 0.11 AC (4,750 SF) lot. The site has approximately 52ft of frontage on NE 1 Ave East to West and is close to 95ft deep. T-3 O zoning. (2) buildable units: $295,000.00. Entire Assemblage: $1,338,000.00

A12050934 MLS

6345 NE 1st Avenue, Miami