1234 NW 9th Ave Miami, FL 33136

Listing Agency Century 21 Premier Elite Realty j***@guillenre.com Show Phone

Listed by Julian Yuken · License #3563660 Show Phone

Source Elliman

Added: Mar 31 Updated: Jul 10 at 12:39 pm Checked: Jul 19 at 5:27 am

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Investment Insights

Based on property information with market context.

This offering features a portfolio of five parcels located in Miami's 33136 corridor, presenting an opportunity for both current income and future redevelopment. The portfolio generates an in-place rent roll of approximately $13,500 per month, with a pro forma projection of roughly $28,000 per month. The three-parcel assemblage totals approximately 24,000 square feet, or 0.55 acres, and has significant density potential, with an estimated 82 units as-of-right and a theoretical Live Local capacity of up to 550 units, subject to buyer verification. The zoning includes primarily T6-8-L, with one parcel identified as T6-8-O. Located within TOD and RTZ areas, the portfolio benefits from urban infill fundamentals in an active growth corridor. The location has a bike score of 73, indicating it is very bikeable, a walk score of 94, indicating it is a walker's paradise, and a transit score of 100, indicating it is a rider's paradise. This portfolio is a strategic assemblage with scale, location, and long-term redevelopment leverage.

Key Highlights

• High Transit Score (100): Located in a Rider's Paradise, offering exceptional public transportation access.
• Significant Redevelopment Potential: Assemblage of parcels allows for substantial density, with potential for up to 550 units under Live Local (subject to verification).
• Strong Income Potential: Current rent roll of approximately $13,500 per month with pro forma projection of roughly $28,000 per month.

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FAQs

What type of property is this?

Commercial land - Five parcels with income and redevelopment potential in Miami.

Where is this commercial land located?

The property is located at 1234 NW 9th Ave Miami, FL.

What is the asking price?

The asking price for this property is $10,000,000.

What are key features of this property?

This property features: High Transit Score (100): Located in a Rider's Paradise, offering exceptional public transportation access.; Significant Redevelopment Potential: Assemblage of parcels allows for substantial density, with potential for up to 550 units under Live Local (subject to verification).; Strong Income Potential: Current rent roll of approximately $13,500 per month with pro forma projection of roughly $28,000 per month.