7488 2Nd AveMiami, FL 33138

Property Details for 7488 2Nd Ave

Property size (Sq ft)

5,460 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8437

Longitude

-80.193

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