For Sale
$10,000,000

140 8Th Ave Miami, FL 33128

Little Havana, prime development site

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 45,000 sq ft commercial land parcel in Miami's Little Havana, zoned T6-8-O, offers a compelling investment opportunity. Approved plans exist for a 115-unit multifamily development, with potential for expansion under Florida's Live Local Act. The over one-acre site boasts three convenient access points: NW 1st Street, NW 2nd Street, and NW 8th Avenue, ensuring excellent connectivity. Enjoy breathtaking views of Brickell, Downtown Miami, and Wynwood. Currently generating a monthly income, this fee-simple property is available for a 1031 exchange and is priced at $10,000,000. The site's strategic location and development potential make it an ideal investment for those seeking high returns in a rapidly growing area. The approved plans provide a solid foundation for immediate development, while the potential for expansion offers significant long-term growth opportunities. This is a rare chance to acquire a substantial land holding in a vibrant and desirable Miami neighborhood. The property's multiple access points and expansive size provide flexibility for a variety of development scenarios. The current income stream adds to the overall attractiveness of this investment, making it a truly exceptional opportunity in the heart of Miami.

Highlights

  • $10,000,000 asking price.
  • Approved plans for a 115-unit multifamily development.
  • Potential for expansion beyond 115 units utilizing the Florida Live Local program.
  • 45,000 square foot land parcel (over one acre).
  • Three street access points: NW 1st Street, NW 2nd Street, and NW 8th Avenue.
  • Panoramic views of Brickell, Downtown Miami, and Wynwood.

Property Details for 140 8Th Ave

Property type
Land

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7753805
Longitude
-80.2080369

FAQs

What type of property is this?
Land - Little Havana, prime development site
Where is the land located?
The property is located at 140 8Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: $10,000,000 asking price.; Approved plans for a 115-unit multifamily development.; Potential for expansion beyond 115 units utilizing the Florida Live Local program.
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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140 8Th Ave
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