7488 NE 2nd Ave - Development Site - Industrial or Live Local
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7488 NE 2nd Ave - Development Site - Industrial or Live Local
0.58 Acres of Commercial Land Offered at $5,062,750 CAD in Miami, FL 33138
EXECUTIVE SUMMARY
Opportunity to purchase a prime development site in Little River, Miami’s hottest emerging market. Little River is experiencing rapid change, with an influx of bullish investors predicting a Wynwood like transformation.
The property is in direct proximity to the Little River Business District and a number of upcoming development sites. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed.
The deal is also an ideal site to leverage the benefits of the new Live Local Act (SB102), which would allow for increased height, unit count, and FAR, much beyond the by right allowances.
The property is in direct proximity to the Little River Business District and a number of upcoming development sites. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed.
The deal is also an ideal site to leverage the benefits of the new Live Local Act (SB102), which would allow for increased height, unit count, and FAR, much beyond the by right allowances.
PROPERTY FACTS
| Price | $5,062,750 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.58 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $5,062,750 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.58 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $5,062,750 CAD | Lot Size | 0.58 AC |
| Price Per AC | $8,705,718.76 CAD |
| Price | $5,062,750 CAD |
| Price Per AC | $8,705,718.76 CAD |
| Lot Size | 0.58 AC |
Opportunity to purchase a prime development site in Little River, Miami’s hottest emerging market. Little River is experiencing rapid change, with an influx of bullish investors predicting a Wynwood like transformation.
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 01-3112-030-0370 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $793,323 CAD |
PROPERTY TAXES
Parcel Number
01-3112-030-0370
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$793,323 CAD
ZONING
| Zoning Code | C (Commercial) |
| C (Commercial) |
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7488 NE 2nd Ave - Development Site - Industrial or Live Local
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