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235-257 NE 79th St
Miami, FL 33138

235 -257 NE 79th Street · Flex Property For Sale

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INVESTMENT HIGHLIGHTS

Development site in Miami's 79th St Corridor
137 residential units or 274 hotel rooms can be developed as of right.

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EXECUTIVE SUMMARY

Exclusive opportunity to acquire a development site in Miami’s 79th Street corridor. Located in Uptown Little River’s most active corridor, this site offers investors and developers an opportunity to obtain an asset that provides various development opportunities. The property sits on 40,040 square feet of T 6-8-O zoned land and boasts approximately 256,000 square feet of developable commercial space or 137 residential units. Conveniently located within Miami’s Little River neighborhood, the property is close to the Biscayne Boulevard Corridor and Miami Beach, with easy access to major thoroughfares and Miami’s fastest-growing neighborhoods, such as Edgewater, Midtown, and Design District. This is an ideal opportunity for developers or investors looking to enter the Miami market and take advantage of the area’s economic development momentum.

PROPERTY FACTS

Sale Type	Investment or Owner User	Rentable Building Area	40,040 SF
Property Type	Flex Office Office Residential	No. Stories	1
Building Class	C	Year Built	1953
Lot Size	0.92 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment or Owner User
Property Type	Flex Office Office Residential
Building Class	C
Lot Size	0.92 AC
Rentable Building Area	40,040 SF
No. Stories	1
Year Built	1953
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Numbers	Multiple 01-3207-020-0470 01-3207-020-0500	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$1,984,366

PROPERTY TAXES

Parcel Numbers

Multiple

01-3207-020-0470
01-3207-020-0500

Land Assessment

Improvements Assessment

Total Assessment

$1,984,366

ZONING

Zoning Code	T6-8O (Urban Core Transect-80 Stories)
T6-8O (Urban Core Transect-80 Stories)

Listing ID: 28742349
Date on Market: 6/13/2023
Last Updated:
Address: 235-257 NE 79th St, Miami, FL 33138

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