116 S Miami Ave - Downtown Miami Development Site - Messina

0.1 Acres of Commercial Land Offered at $3,999,000 in Miami, FL 33130

INVESTMENT HIGHLIGHTS

  • Near 2 metro stations | Transit Oriented Development Site “TOD”
  • Live Local Act allows up to 180 units by right
  • Walking distance to Publix, Aldi & Wholefoods
  • On S. Miami Ave with direct access over the Bridge to Brickell City Center
  • Build up to 180 units asking $7.499 mm for the assemblage:

EXECUTIVE SUMMARY

Downtown Miami Development Site with the potential to build up to 102 units as in a Transit Oriented Development (“TOD”) area using a Live Local/SB-102 Act submission. No filings submitted. Zoned T6-80-O. The property is close to major new Luxury Developments, the Flagler Street Pedestrian Promenade, & one block to the Miami Ave Metro-station at SE/SW 1st Street. Within minutes arrive at Brickell City Center, Miami World Center, Kaseya Center, Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Ample shopping includes Whole Foods, Publix & Aldi. Site set amongst tourist destinations, office buildings, dining & nightlife spots, & cultural attractions. Also, assemble for an additional $3.5 mm adjacent property 122 S. Miami Ave.
Check out the full assemblage of up to 180 units under Live Local and the assemblage of 116 & 122 S Miami Ave: https://online.fliphtml5.com/yicis/laik/

PROPERTY FACTS

Price $3,999,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 0.10 AC

1 LOT AVAILABLE

Lot 1

Price $3,999,000
Price Per AC $38,883,000.96
Lot Size 0.10 AC

Downtown Miami Development Site to build up to 102 units as in a Transit Oriented Development (“TOD”) area using Live Local/SB-102 Act. Zoned T6-80-O. Potential to assemble w/ 122 S. Miami Ave for additional $3.5 mm for total of $7.499 mm for both

DESCRIPTION

Downtown Miami Development Site with the potential to build up to 102 units as in a Transit Oriented Development (“TOD”) area using a Live Local/SB-102 Act submission. No filings submitted. Zoned T6-80-O. Downtown Miami on S Miami Ave just across the river from Brickell City Center and within 1 & 2 blocks of metro stations, build up to 180 units by right. $7.499 mm asking. Walking distance to Publix, Whole Foods & Aldi downtown.

Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)

PROPERTY TAXES

ZONING

Zoning Code T6-80-O (T6-80-O & TOD and use with Live Local Act/SB-102~ https://online.fliphtml5.com/yicis/laik/)
  • Listing ID: 34207296

  • Date on Market: 12/15/2024

  • Last Updated:

  • Address: 116 S Miami Ave, Miami, FL 33130