140 NW 8Th Ave Miami, FL 33128
Property Features for 140 NW 8Th Ave
General Information
- Lot size
- 1.03 Acres
Source:
Moodyscre
Listing Agent: Mauricio Villasuso
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Little Havana Development Site
This Little Havana urban core development site features a 45,000 square foot lot assemblage. The T6-8-O portion encompasses 30,000 square feet, while the T4-R portion covers 15,000 square feet. The buildable potential is approximately 450,000 to 562,500 square feet under Miami 21, utilizing optional public benefits. With Live Local, this increases to 1,080,000 square feet. The total combined density potential is 115 units with Miami 21 or 701 units under Live Local. For the T4-R portion, developers could use it as a parking lot to support the live local project on the T6-8-O portion, or develop it according to the T4 zoning regulations in Miami21. The site is best served by being entitled through a Live- Local/SB102 process. The height is unlimited subject to MDAD and FAA regulations, with the only limitation being how developers handle parking within the building envelope. Possibilities for parking reductions exist, and the site meets qualification criteria to further up-zone the T4-R portion via a variance to increase its buildable potential. Feasibility with no waivers and a modest parking reduction of 10-30% put the conservative density between 230-300 units.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.207886
- Latitude
- 25.771894
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 45,000 SF lot with significant development potential.
Where is this land located?
The property is located at 140 NW 8Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: - Significant Development Potential: Up to 1,080,000 SF buildable area and 701 units possible under Live Local.; - Large Lot Assemblage: 45,000 SF total, with 30,000 SF zoned T6-8-O and 15,000 SF zoned T4-R.; - Unlimited Height Potential: Subject to MDAD and FAA regulations, offering design flexibility.