For Sale
$13,000,000

1542 1St Ave Miami, FL 33132

18,900 SF, High-Density Zoning, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 18,900 square foot land parcel presents an unparalleled development opportunity in Miami's vibrant Arts & Entertainment District. Located in a designated Opportunity Zone, this prime property boasts significant upside potential for investors seeking high-density development. Zoning regulations permit the construction of up to 216 residential units or 433 hotel units, offering a wide range of development possibilities. The site's location within Miami's most desirable neighborhoods ensures strong demand and high occupancy rates for any future development. The high-density zoning allows for a substantial buildable area, maximizing return on investment. This is a rare chance to create a landmark project in a rapidly growing and dynamic community, capitalizing on Miami's thriving real estate market. The property is situated at 1542 NE 1st AVE, Miami, FL 33132, in Miami-Dade County. The asking price for this exceptional development opportunity is $13,000,000. This is a truly unique chance to shape the future of Miami's skyline.

Highlights

  • $13,000,000 asking price.
  • 18,900 SF land parcel in Miami, FL.
  • Located in Miami's Arts & Entertainment District and an Opportunity Zone.
  • High-density zoning allows for up to 216 residential or 433 hotel units.
  • Prime development opportunity for condos, apartments, or a hotel.

Property Details for 1542 1St Ave

Property type
Land

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.790256
Longitude
-80.192577

FAQs

What type of property is this?
Land - 18,900 SF, High-Density Zoning, Huge Potential
Where is the land located?
The property is located at 1542 1St Ave Miami, FL.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: $13,000,000 asking price.; 18,900 SF land parcel in Miami, FL.; Located in Miami's Arts & Entertainment District and an Opportunity Zone.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1542 1St Ave
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