8040 SW 69th Ave - Dadeland Covered Land Development Play

Apex Capital Realty is excited to present 8040 SW 69th Ave, Miami, FL 33143 – a premier development opportunity in one of Miami’s most sought-after neighborhoods. This covered land play represents a rare chance to capitalize on a vibrant and rapidly growing area, poised for both residential and commercial success. Situated in the high-demand Dadeland area, 8040 SW 69th Ave is perfectly positioned near major retail, dining, and entertainment hubs such as Dadeland Mall, which boasts over 1.4 million square feet of retail space, and Dadeland Station North. The property features a 16,800 square foot building on a generous 31,357 square foot lot (approximately .72 acres), located within the 6114 - DKUC Core Sub-District of the Ludlam-Groves Addition subdivision. This prime DKUC zoning emphasizes high-density, mixed-use developments aimed at creating vibrant, pedestrian-friendly urban environments. Recent legislation, such as SB102, enhances the property's development potential by offering significant benefits. The bill provides substantial density bonuses based on the percentage of affordable housing units included in the development, particularly for units targeting lower Area Median Income (AMI) thresholds. This means that incorporating affordable housing could allow developers to exceed standard zoning limits, increasing overall unit capacity. Furthermore, SB102 simplifies the approval process for multifamily developments and removes minimum parking requirements, thus freeing up additional space for residential units. These incentives significantly enhance the profitability and feasibility of your project, making 8040 SW 69th Ave even more appealing to developers, especially with its close proximity to transit options. Adding to the value of this property is the adjacent REVA DADELAND LLC development, which plans to construct 786 units on 2.8 acres. This new development will further enhance the area’s appeal, increasing housing availability and foot traffic, which will benefit any potential mixed-use project at 8040 SW 69th Ave. With its strategic location, growing urban infrastructure, and the promise of nearby developments, 8040 SW 69th Ave is a key piece in the evolving landscape of Dadeland. This property is poised for both residential and commercial success, making it an exceptional opportunity for developers looking to make their mark in Miami's dynamic real estate market.