140 NW 8th Ave - Commercial LAND FOR SALE


Miami, FL 33128- Little Havana45,002 SF
$9,800,000 USD
786-733-4909
140 NW 8th Ave, Miami, FL for Sale
$9,800,000 USD
Commercial LAND - FOR SALE
1/14
45,002 SF

140 NW 8th Ave
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Eligible for unlimited building height through the Live Local/SB102 entitlement process, subject to Miami-Dade Aviation Department and FAA approval.
  • Offers flexibility for innovative parking solutions within the building envelope, allowing for creative design and space efficiency.
  • Qualifies for parking reductions of up to 30%, increasing development feasibility and potential unit count.
  • Exceptional walkability and strong public transportation connections make this location ideal for transit-oriented development.
  • Prime location adjacent to Brickell and Downtown Miami, with quick access to Coral Gables, the Health District, and Miami International Airport.

OVERVIEW

Located in the eastern part of Miami's Little Havana neighborhood, this impressive 45,000-square-foot lot assemblage offers a rare development opportunity. The T6-8-O portion comprises 30,000 square feet, while the T4-R portion makes up the remaining 15,000 square feet. Buildable potential under the Miami 21 zoning code is approximately 450,000 to 562,500 square feet, depending on the use of optional public benefits. Under the Live Local Act, this potential increases significantly to approximately 1.08 million square feet. Under Miami 21, the total combined residential density allows up to 115 units, or as many as 701 units under the Live Local Act. Developers can either use the T4-R portion as a parking lot to support a Live Local project on the T6-8-O portion or develop it in accordance with T4 zoning regulations under Miami 21. The site is suited to be entitled through the Live Local/SB102 process. Height restrictions are not a factor, and they are subject only to Miami-Dade Aviation Department and FAA guidelines, so the primary limitation will be how creatively developers approach parking within the building envelope. Parking reductions are possible, and the site also qualifies for a zoning variance to up-zone the T4-R portion and further increase buildable capacity. Even without waivers and a modest parking reduction of 10 to 30 percent, a conservative estimate places the feasible density between 230 and 300 units. Little Havana is a vibrant and economically thriving neighborhood that benefits from its strategic location adjacent to cosmopolitan Brickell and centrally located near all of Miami’s key employment hubs, including Downtown, Coral Gables, the Health District, and Miami International Airport (MIA). The area offers excellent public transportation, walkability, and a culturally rich environment, with proof of concept evident throughout the neighborhood.

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/ACRE

$9,486,400/AC

PRICE/SF

$218 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Bowery I Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Mixed Use, Multi-Family, Apartment Units

LAND ACRES

1.03 AC

LAND SF

45,000 SF

OFFSITE IMPROVEMENTS

Electricity, Streets, Curb/Gutter/Sidewalk

ZONING

T6-8-O

APN/PARCEL ID

01-4138-003-3250

ASK ABOUT THIS PROPERTY

Carlos Fausto MirandaFausto Commercial Realty ConsultantsMore Info
786-733-4909

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Carlos Fausto MirandaFausto Commercial Realty ConsultantsMore Info
786-733-4909

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