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Transit-Oriented Development Opportunity
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3321 Northwest 79th Street, Miami, FL 33147

Development-ready site near Metrorail stations, ideal for mixed-use projects.

Property Size21 SF
Days on Market369

Property Features for 3321 Northwest 79th Street

General Information

Standard status Active
Size 21 SF
Property subtype High-Density Mixed-Use Development
Zoning BU-2 / Rapid Transit Activity Corridor (RTAC) Overlay
Listed By: Matthew Rotolante, SIOR, CCIM · License #FL #BK3531036
Source: Lee-associates
Added: Sep 10, 2025 Changed: Sep 12 Last Checked: Sep 13 at 6:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthew Rotolante, SIOR, CCIM

Investment Insights

Based on property information with market context.

This transit-oriented development opportunity is located along the heavily trafficked NW 79th Street corridor. The property is situated on a 21,900 SF parcel zoned BU-2 with a Rapid Transit Activity Corridor (RTAC) overlay. It is positioned within walking distance of both the Northside and Palmetto Metrorail Stations, providing connectivity to Downtown Miami and the greater region. This site aligns with Miami-Dade County’s SMART Plan, benefiting from Transit-Oriented Development (TOD) incentives, including increased density allowances, reduced parking requirements, and expedited approvals. The property is surrounded by a dense and growing population of over 180,000 residents within a 3-mile radius and offers visibility and access to major arteries like NW 27th Avenue, I-95, and the Palmetto Expressway. It is suited for mixed-use, multifamily, or commercial development. The adjacent parcels to the east and west of the site can also be made available, presenting an assemblage opportunity for a larger-scale project. The property is poised to capitalize on the region’s long-term planning and investment in transit-focused urban renewal.

Key Highlights

  • Premier transit‑oriented development opportunity with Rapid Transit Activity Corridor (RTAC) overlay.
  • Located within walking distance of Northside and Palmetto Metrorail Stations, providing access to Downtown Miami.
  • Benefits from Transit‑Oriented Development (TOD) incentives, including increased density allowances and reduced parking requirements.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

747
Businesses Nearby

Demographics for 33147, FL

48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Development-ready site near Metrorail stations, ideal for mixed-use projects.
Where is this commercial land located?
The property is located at 3321 Northwest 79th Street Miami, FL.
What are key features of this property?
This property features: Premier transit‑oriented development opportunity with Rapid Transit Activity Corridor (RTAC) overlay.; Located within walking distance of Northside and Palmetto Metrorail Stations, providing access to Downtown Miami.; Benefits from Transit‑Oriented Development (TOD) incentives, including increased density allowances and reduced parking requirements.
More about this property
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