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231 Flagler StMiami, FL 33131

Prime 0.32-acre Flagler Street lot.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 0.32-acre land parcel, located at 231 E. Flagler St. in Miami's vibrant Downtown submarket, presents a compelling redevelopment opportunity. Zoned T6-80-O, this property allows for high-intensity mixed-use development, with an 80+ story height limit and the potential for 321 dwelling units as-of-right. The site's 14,000 square foot area is ideally situated on East Flagler Street, a key location undergoing significant revitalization as a pedestrian-friendly boulevard. This prime location benefits from reduced or no parking requirements for multifamily developments, mirroring successful projects on similar lots. The area's transformation is further enhanced by nearby developments like Miami Worldcenter and Met Square, bringing increased shopping and entertainment options. Cultural attractions such as the FTX Arena, Perez Art Museum Miami, and Bayside Marketplace are also within easy reach. Exceptional transportation links include the Brightline train station at Miami Central, the Metromover, Metrorail, and convenient access to I-95 and I-395. This offering represents a unique chance to capitalize on Miami's thriving urban core and its robust infrastructure. The Flagler Beautification Project, a public-private initiative, will further enhance the area's walkability and appeal, solidifying East Flagler Street's position as a premier destination. The property's high-density zoning and strategic location make it an ideal investment for high-rise residential or mixed-use projects.

Highlights

  • 14,000 SF lot on East Flagler Street in Miami's Central Business District, ideal for high-intensity mixed-use development.
  • T6-80-O zoning allows for 80+ story buildings and 1,000 dwelling units per acre; preliminary plans show a 321-unit multifamily project with retail.
  • Prime location near Miami Worldcenter, Met Square, FTX Arena, PAMM, Miami-Dade College, and Bayside Marketplace; Flagler Street beautification project underway.
  • Excellent access to Brightline, Metromover, Metrorail, I-95, and I-395.

Property Details for 231 Flagler St

Property type
Land
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7746629
Longitude
-80.1895117
231 Flagler St, Miami, Florida

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231 Flagler St
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