For Sale
$1,900,000

652 31St StMiami, FL 33127

7,200 SF Warehouse, 36 Units Possible

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 7,200-square-foot warehouse property presents a unique land development opportunity in Miami's vibrant Allapattah/Wynwood Norte area. Currently vacant, this 7.2-acre lot is zoned D1, allowing for a diverse range of development options under Miami 21 zoning regulations. The permitted uses include multi-family residential (with a density of 36 units per acre), office, retail, and industrial spaces, offering significant flexibility for investors. The property's 12-story height restriction allows for the construction of an eight-story building. Its strategic location offers convenient access to I-95 via a nearby ramp and NW 7th Avenue, enhancing its appeal and potential for high occupancy rates. The surrounding area is experiencing significant growth, with new storage facilities recently constructed on the same street and the imminent arrival of art galleries, further bolstering the property's investment potential. This is a prime opportunity to capitalize on the burgeoning development in this dynamic Miami neighborhood. The asking price for this exceptional property is $1,900,000. The property is currently a single-story warehouse building.

Highlights

  • $1,900,000 asking price.
  • 7,200 square foot warehouse.
  • Vacant, 36-unit potential (per zoning).
  • 12-story permitted building height.
  • 7.2-acre lot in Miami, FL (33127), zoned D1.

Property Details for 652 31St St

Property type
Warehouses, Retail properties
Square Feet
7,200 SF
Stories
12
Lot Size (sq. ft)
313,632,000 SF
Units
36

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8051055
Longitude
-80.2064042
652 31St St, Miami, Florida

FAQs

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652 31St St
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