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235 -257 NE 79th Street 235-257 NE 79th St

40,040 SF Vacant Flex Building Miami, FL 33138 $5,590,000 ($140/SF)

Investment Highlights

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

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

Price $5,590,000
Price Per SF $140
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
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-3207-020-0500
  • 01-3207-020-0470
Land Assessment
$0
Improvements Assessment
$0
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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