1542 NE 1st AVE, Miami, FL 33132

$13,000,000 Asking Price

Incredible Development Opportunity in the Vibrant Arts & Entertainment District! This prime property, located in an Opportunity Zone, offers a unique chance for savvy investors. With permitted buildable units reaching up to 216 for residential or 433 for hotel units, the potential is boundless. This prime 18,900 SF parcel is this is truly a Developer's Dream. Nestled in Miami's most sought-after neighborhood, capitalize on the advantage of the city's highest density zoning. Whether envisioning a striking Condo Tower, a thriving Apartment Rental Building, or a luxurious Hotel, this site holds immense promise for a groundbreaking project. Seize the opportunity to shape the future of Miami's skyline and be a part of this dynamic and rapidly growing community.

Features & Amenities

Location

Road/Access:
Legal Access Road, City/County Maintained
Originating MLS:
Miami Association of REALTORS®
County:
Miami-Dade County

Lot

Zoning:
T6-24-0 A, ROBBINS-GRAHAM & CHILLINGSWORTH PB A-49 1/2 LOT 4 BLK 13 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 LOT SIZE 6300 SQ FT M/L OR 20351-4, 01-31-36-005-0900
Current Use:
Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)

Utilities

Utilities:
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Other, Sewer Available, Water Available
Water:
Municipal Water
Sewer:
Public

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
Affinity International Realty, Alexander Sherman

About Miami, FL

Housing

Number of Units
711,975
Median Home Value
$380,974
Median Rent
$1,338

49.94% of housing units are renter occupied.

8.26% are vacant.

Commute

Car
71.69%
Public Transportation
3.80%
Walk to Work
1.60%
Work from Home
21.37%
Other
1.11%

The median travel time to work is 29 minutes.

People

Population
1,830,481
Median Age
41.50
Median Household Size
2.91

Education

High School
24.77%
Associate’s Degree
8.99%
Bachelor’s Degree
21.60%
Graduate Degree
13.31%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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