Development Opportunity Near Public
1224 NW 59, Miami, FL 33142
Development opportunity with approved plans for multifamily project.
Type:Commercial
Lot size:
0.12 Acres- Added:
- May 12, 2026
- Days on Market:
- 20
- Last Refresh:
- May 12 at 4:30 pm
Property Features for 1224 NW 59
General Information
- Standard status
- Active
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Listing agent Natalie Duran License #3263258 (305) 877-0337
Listing office Miami Dream Properties (305) 877-0337
Listing date May 12, 2026
Source Elliman
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HighLights
- APPROVED plans and recorded covenant for an 8‑unit multifamily project under the Live Local program.
- T4‑L zoning allows for increased unit density and parking reductions already obtained.
- Prime, highly centralized location near public transit, I‑95, Midtown, the Health District, Downtown/Brickell, Miami Beach, and Miami International Airport.
- Sufficient water and sewer infrastructure eliminates costly water main extensions.
- Well‑designed three‑story building with a thoughtful unit mix, ground‑floor parking, and an ADA‑compliant unit.
- Significant entitlement work already completed, allowing for immediate progression to permitting and construction.
Overview
This property presents a development opportunity in a centralized location, with convenient access to public transit, I-95, Midtown, the Health District, Downtown/Brickell, Miami Beach, and Miami International Airport. Situated in a T4-L zoned area, the property features approved plans and a recorded covenant for an 8-unit multifamily project under the Live Local program. The project has secured parking reductions and increased unit density, with supporting documentation available. The proposed development includes a three-story building with a unit mix, ground-floor parking, and a ground-level ADA-compliant unit. Located on a 5,300 square foot lot, the project was designed to meet zoning requirements. The property benefits from its proximity to existing water and sewer infrastructure. This opportunity is suited for a developer seeking to proceed with permitting and construction, with entitlement work already completed. The location has a bike score of 57, indicating it is bikeable, a walk score of 63, indicating it is somewhat walkable, and a transit score of 50, indicating good transit options.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.21722
- Latitude
- 25.829548
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Development opportunity with approved plans for multifamily project.
Where is this commercial land located?
The property is located at 1224 NW 59 Miami, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: APPROVED plans and recorded covenant for an 8‑unit multifamily project under the Live Local program.; T4‑L zoning allows for increased unit density and parking reductions already obtained.; Prime, highly centralized location near public transit, I‑95, Midtown, the Health District, Downtown/Brickell, Miami Beach, and Miami International Airport.
