For Sale
$2,790,000

6900 2Nd AveMiami, FL 33138

Little Haiti/Little River Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 22,848 square foot commercial land parcel in Miami's Little Haiti/Little River neighborhood is offered at $2,790,000. Zoned T5-O, it allows for up to five stories and 80% lot coverage, with a potential density of 65 units per acre. The site boasts a buildable square footage of 91,392, presenting a significant development opportunity. Located at 6900 NE 2nd Ave, Miami, FL 33138, this property benefits from its proximity to major highways (I-95 and I-195), and thriving neighborhoods like the Design District and Magic City Innovation District. The Live Local Act may allow for increased density and height, potentially exceeding 150 units and 8 stories, subject to meeting specific affordability requirements (renting at least 40% of units to residents earning up to 120% of the area median income). The area is experiencing significant growth, with several large-scale multifamily projects underway nearby, including the Magic City Innovation District (2,700 units), AJ Capital's Little River development (hundreds of units), CEDARst's project (191 units), and Morgan Reed's Little River Center (100 units). This prime location and zoning regulations make this a compelling investment for developers seeking to capitalize on Miami's booming real estate market. The price per square foot is $122. This property presents a rare opportunity to develop a substantial project in a rapidly transforming area.

Highlights

  • $2,790,000 asking price for a 22,848 square foot commercial land parcel.
  • Located at 6900-6920 NE 2nd Avenue, Miami, FL 33138.
  • T5-O zoning allows for up to five stories and 65 units per acre.
  • Potential for 34 units with 91,392 square feet of buildable space.
  • Eligible for Live Local incentives, potentially increasing density and height.

Property Details for 6900 2Nd Ave

Property type
Land

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.83888
Longitude
-80.1927879
6900 2Nd Ave, Miami, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6900 2Nd Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message