For Sale
$7,900,000

8975 27Th Ave Miami, FL 33147

Prime Miami land, high-density zoning, $7.9M

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 71,000 square foot development site in Miami, Florida, presents a lucrative investment opportunity. Located at 8975 NW 27th Ave, this 3.02-acre (131,530 sq ft) property boasts a prime location with high visibility due to an average daily traffic count of 33,500 vehicles. The property is zoned UC CENTER MCS - NCUAD, permitting high-density mixed-use development. Currently occupied by a commercial truck sales center and mechanic facility (grandfathered), this offers immediate income potential or redevelopment possibilities. The asking price is $7,900,000, translating to $64.62 per square foot. Its strategic location along the Rapid Transit North Corridor benefits from a $1.9 billion transit improvement program expanding the Metrorail system along NW 27th Avenue. This presents a unique chance to capitalize on Miami's growth and the enhanced accessibility this transit project will bring. The property's parcel number is 30-3103-000-0150. The site is owner-occupied. This is a truly remarkable opportunity for a high-impact development project in a thriving Miami location.

Highlights

  • High-density mixed-use zoning allows for diverse development options.
  • 1.62-acre site provides ample space for a substantial project.
  • Excellent transit-oriented location on a rapid transit corridor.
  • Redevelopment opportunity within the LIVE LOCAL ACT designated area.

Property Details for 8975 27Th Ave

Property type
Land

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.855546095608
Longitude
-80.242156420366

FAQs

What type of property is this?
Land - Prime Miami land, high-density zoning, $7.9M
Where is the land located?
The property is located at 8975 27Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: High-density mixed-use zoning allows for diverse development options.; 1.62-acre site provides ample space for a substantial project.; Excellent transit-oriented location on a rapid transit corridor.
How can I contact the broker?
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8975 27Th Ave
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