7722 NW 1st Ave - Residential LAND FOR SALE


Miami, FL 33150- Little River20,778 SF
$2,300,000 USD
754-204-8236
7722 NW 1st Ave, Miami, FL for Sale
$2,300,000 USD
Residential LAND - FOR SALE
1/3
20,778 SF

7722 NW 1st Ave
Miami, FL 33150
Little River


HIGHLIGHTS

  • 0.48-acre (20,776 SF) corner assemblage - two contiguous parcels under common ownership
  • T5-R zoning allows up to 31 residential units by right at 65 units per acre
  • Federally designated Opportunity Zone with potential tax advantages for investors
  • On the FEC rail corridor and Northeast SMART transit corridor; minutes to Wynwood and the Design District
  • Priced at $2,300,000, about $111 per land SF - below recent Little River development-site trades
  • Entitlement upside: TSND petition, rezoning to greater density, and by-Exception parking reduction

OVERVIEW

0.48-acre (20,776 SF) development assemblage for sale in Miami's Little River - two contiguous T5-R parcels, by-right to 31 residential units, inside a federally designated Opportunity Zone. Offered as a single sale at $2,300,000 (approximately $111 per land SF), the assemblage anchors the corner of NW 1st Avenue and NW 77th Street under common ownership. It suits residential and mixed-use developers seeking a build-ready infill corner with no assembly risk, as well as investors pursuing a covered-land hold-and-entitle strategy. T5-R zoning supports up to 31 residential units by right at 65 units per acre within a permitted five-story envelope, of which the by-right program uses only a portion, leaving unbuilt capacity to weigh a density-increasing strategy. The corner is currently improved with two existing structures, allowing a buyer to control and potentially carry the site while a future project is designed, finalized, and permitted. Additional value routes include a Transit Station Neighborhood District (TSND) petition, a rezoning or land-use change to greater density, and a possible parking reduction by Exception given transit proximity. The property sits on the Florida East Coast rail corridor within Miami-Dade County's Northeast SMART transit corridor, minutes from Wynwood, the Design District, and MiMo. It draws on the momentum of the adjacent $3 billion Little River District, which is set to deliver thousands of new residences, new retail, and a planned transit station. Priced below recent Little River development-site trades, the contiguous corner delivers a build-ready site in a single transaction with no holdout or assembly risk.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/ACRE

$4,822,298/AC

PRICE/SF

$111 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Little River Development Assemblage - 0.48-Ac

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.48 AC

LAND SF

20,776 SF

OFFSITE IMPROVEMENTS

-

ZONING

T5-R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Benjamin KunzleFausto Commercial Realty ConsultantsMore Info
754-204-8236

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

Benjamin KunzleFausto Commercial Realty ConsultantsMore Info
754-204-8236

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