Miami Development Opportunity Near Downtown

342 NW 7th St, Miami, FL 33136

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For Sale

$6,000,000

Vacant land suitable for 143 apartments near Downtown Miami.

Type:Commercial

HighLights

Prime location: One block from Downtown Miami in Highland Park.
High density development potential: 143 apartments and one retail bay.
Favorable development conditions: By‑right development via Live Local SB102 & 328 amendments.
Cost savings: 100% parking reduction lowers development costs.
Financial incentives: Located in Transit Oriented Development (TOD) and Opportunity Zoned (OZ) areas.
Excellent walkability and transit: Walker's Paradise (95 walk score) and Rider's Paradise (100 transit score).

We can help!

Listing Contact

Brian Carter

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For Sale

$6,000,000

Vacant land suitable for 143 apartments near Downtown Miami.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 3:07 pm

Property Features for 342 NW 7th St

General Information

Standard status: Active
Property subtype: Commercial

We can help!

Listing Contact

Brian Carter

Listing agent Brian Carter License #3022095

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Brian Carter

HighLights

Prime location: One block from Downtown Miami in Highland Park.
High density development potential: 143 apartments and one retail bay.
Favorable development conditions: By‑right development via Live Local SB102 & 328 amendments.
Cost savings: 100% parking reduction lowers development costs.
Financial incentives: Located in Transit Oriented Development (TOD) and Opportunity Zoned (OZ) areas.
Excellent walkability and transit: Walker's Paradise (95 walk score) and Rider's Paradise (100 transit score).

Overview

This vacant land parcel in Miami, Florida, presents a development opportunity for 143 apartments and one retail bay. The site is located one block from Downtown Miami in the Highland Park neighborhood. The property allows for the development of approximately 80,000 buildable square feet and 58,000 sellable square feet within a 12-story structure. Development is by-right through submission under Live Local SB102 & 328 amendments, which allows for a 100% parking reduction. The property is situated within a Transit Oriented Development (TOD) and an Opportunity Zoned (OZ) area. The location has a bike score of 76, indicating it is very bikeable, a walk score of 95, designating it as a walker's paradise, and a transit score of 100, identifying it as a rider's paradise.

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.1999
Latitude: 25.7669

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For sale
Commercial land
FL
Miami
33136
342 NW 7th St

What type of property is this?

Commercial land - Vacant land suitable for 143 apartments near Downtown Miami.

Where is this commercial land located?

The property is located at 342 NW 7th St Miami, FL.

What is the asking price?

The asking price for this property is $6,000,000.

What are key features of this property?

This property features: Prime location: One block from Downtown Miami in Highland Park.; High density development potential: **143 apartments and one retail bay**.; Favorable development conditions: By‑right development via Live Local SB102 & 328 amendments.