2899 7Th Ave Miami, FL 33127

This exceptional 15,404 sq ft development site in Miami's East Allapattah neighborhood presents a compelling investment opportunity. Located at 2899 NW 7th Avenue, this single-parcel property boasts T6-8-O zoning, allowing for the development of 53 buildable units (150 units per acre) and a range of commercial uses. Its strategic corner location at 29th Street and 7th Avenue offers exceptional connectivity to three major highways and proximity to Wynwood and Downtown Miami. The site's eligibility for the Live Local program unlocks the potential for significantly higher density, up to 1,000 units per acre, along with substantial tax savings and advantageous financing options. Further enhancing its appeal, this property is situated within an Opportunity Zone, providing additional tax benefits. Currently generating an approximate annual income of $150,000 with a flexible six-month termination clause in the existing lease, this site offers immediate cash flow while preserving the flexibility to capitalize on its redevelopment potential. The asking price is $4,499,000. The APN is 01-3125-024-2450. This is a rare chance to acquire a prime development site in a rapidly growing area of Miami.