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1195 NW 167th St

0.49 Acres of Commercial Land Offered at $3,271,380 CAD in Miami Gardens, FL 33169

Investment Highlights

  • PRIME LOCATION COMMERCIAL LAND

Executive Summary

Location: 1195 NW 167th St, Miami Gardens, FL – Heart of Golden Glades/Miami Gardens area, directly off the 826 Palmetto Expressway.
Land Size: 21,450 Sq Ft.
Zoning: Mixed-Use, Residential, and/or Commercial.
Current Approval: City of Miami Gardens approved for up to 10 floors/27 units of residential or mixed-use development.
Development Opportunity: Under Florida’s new Live Local Act, you can build up to 20 floors/73 units (given 40% workforce housing).
Access: Direct highway access to Downtown Miami, Brickell, Miami Beach, and Fort Lauderdale.

Property Facts

Price $3,271,380 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Auto Dealership
  • Bank
  • Carwash
  • Fast Food
  • Parking Garage
  • Parking Lot
  • Restaurant
  • Service Station
Total Lot Size 0.49 AC

1 Lot Available

Lot

Price $3,271,380 CAD
Price Per AC $6,643,745 CAD
Lot Size 0.49 AC

Versatile lot at the heart of the Golden Glades/Miami Gardens area. Received permission from city for a residential building, commercial or mixed use (Live Local Act Option Available). Very promising opportunities and options at a fantastic location.

Description

Prime Land in Miami Gardens – Versatile Development Opportunity: -Versatile Development Options: Approved for up to 10 floors with 27 residential units or mixed-use development (residential/commercial) by the City of Miami Gardens. -Live Local Act Opportunity: Option to build up to 20 floors and 73 units, provided 40% of the units are designated for workforce housing, under the new state legislation passed by Governor Ron DeSantis in 2024. -Strategic Location: Situated in the heart of the Golden Glades/Miami Gardens area, directly off the 826 Palmetto Expressway, providing easy access to all major South Florida destinations, including Downtown Miami, Brickell, Miami Beach, and Fort Lauderdale. -Industrial Area Demand: Located in an industrial zone where workforce housing is in high demand due to the proximity of automotive businesses such as Masterpiece Auto (a luxury car modification shop), Mercedes-Benz of Miami, MPH Club Exotic Car Rentals, and multiple vehicle service centers as well as brick and mortar industrial companies. -Accessibility: High visibility and direct access from a major highway, ensuring maximum exposure and ease of commute for future residents or businesses. -This location offers a fantastic opportunity for residential development or a mixed-use project that combines residential and commercial spaces. -Given its close proximity to key industrial and automotive hubs, this site is well-positioned for workforce housing or businesses that cater to the automotive sector. -The Live Local Act (if utilized) opens the door to larger-scale developments with significant upside potential, allowing up to 73 units for a more expansive residential community. -The City of Miami Gardens has confirmed approval for the current residential and mixed-use plans (**Attached**Contact for further details). -Our architects have also provided preliminary plans for a potential project (**Attached**Contact for further details). -Investment Opportunity: Excellent for developers looking to capitalize on the growing demand for housing in the Miami Gardens area, a thriving community with strong rental demand driven by nearby industrial and commercial activity. For additional details or to arrange a site tour, please contact us at +1(786)686-3333. This is a rare opportunity in a rapidly developing area with great potential for both residential and mixed-use projects.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-2111-000-0050
Land Assessment
$1,368,213 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,368,213 CAD

zoning

Zoning Code 6500 (Commercial Business)
6500 (Commercial Business)
  • Listing ID: 34125619

  • Date on Market: 2024-12-07

  • Last Updated:

  • Address: 1195 NW 167th St, Miami Gardens, FL 33169

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