For Sale
$3,500,000

7488 2Nd AveMiami, FL 33138

Prime Miami location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 25,332 square foot lot, located at 7488 NE 2nd Ave in Miami, Florida (zip code 33138), presents a compelling investment opportunity in Miami's rapidly evolving Little River neighborhood. Currently zoned D2, this mixed-use property boasts a 5,460 square foot building and offers a multitude of development possibilities. By-right allowances permit an 8-story building with 182,390 square feet of buildable space. However, the potential is significantly amplified by the Live Local Act (SB102), which could allow for a 19-story structure with approximately 433,177 square feet of buildable space. Permitted uses are extensive and include multi-family (under SB102), industrial, flex warehouse, office, retail, restaurant, entertainment, and storage. The property's hard corner location and proximity to the Little River Business District, coupled with several nearby large-scale development projects (including at least two with a combined 357 planned residential units), make this an ideal site for significant returns. The asking price is $3,500,000. While the provided buildable square footage estimates under SB102 are approximate, interested parties are encouraged to conduct their own due diligence and consult with their design professionals for precise calculations. This is a rare chance to capitalize on the explosive growth in Little River.

Highlights

  • 25,332 SF lot.
  • 5,460 SF building.
  • D2 zoning.
  • 8-story height allowance by right; 19 stories with Live Local.
  • 182,390 SF buildable by right; approximately 433,177 SF with Live Local.
  • 90% maximum lot coverage.

Property Details for 7488 2Nd Ave

Property type
Lifestyle centers, Power centers
Square Feet
5,460 SF
Buildings
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8437222
Longitude
-80.1929725
7488 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].
7488 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