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    259 NE 79Th St Miami, FL 33138

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    For Sale
    $2,900,000

    Development site in booming rental corridor, steps from Miami Beach.

    Lot size:
    0.37 Acres

    Property Features for 259 NE 79Th St

    General Information

    Lot size
    0.37 Acres

    Source: Fausto Commercial Realty Consultants Inc Agent Vicente Rodriguez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Upper East Side Development

    This prime development site is located in the Upper East Side of Miami. The property features a 15,808 square foot lot with an existing 7,301 square foot building. Zoned T6-8-O, the site allows for the construction of 54 units by right, along with ground-floor retail space. The property is eligible for the Live Local Act, potentially allowing for up to 108 units and construction as high as the tallest structure within a mile. The location offers high visibility on 79th Street, with over 26,000 vehicles passing daily. It is situated steps from Miami Beach and North Bay Village, making it an ideal location for mixed-use or multifamily development in a rapidly growing rental market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.191582
    Latitude
    25.848139

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    FAQs

    What type of property is this?
    Commercial land - Development site in booming rental corridor, steps from Miami Beach.
    Where is this commercial land located?
    The property is located at 259 NE 79Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Prime development site in Upper East Side, Miami.; - Rare T6-8-O zoning allows for **54 units by right plus ground-floor retail**.; - Eligible for Live Local Act: potential for **up to 108 units and increased building height**.
    (305) 510-6627
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    259 NE 79Th St Miami, FL 33138
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    Miami, FL 33138
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    259 NE 79Th St Miami, FL 33138
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