Entitled Mixed-Use Development
For Sale
Contact for pricing
1477 Northwest 79th Street, Miami, FL 33147
Site plan approved for residential units and retail, with 12-inch water and 8-inch gravity sewer connections ready to connect.
Property Size17,156 SF
Price / SF$97.63
Days on Market119
Property Features for 1477 Northwest 79th Street
General Information
Standard status
Active
Size
17,156 SF
Property subtype
Land, Mixed Use, Multifamily
Zoning
250 units per acre
Investment Type
Redevelopment
Additional Details
Opportunity Zone
Yes
Utilities to Site
Yes
Multifamily Units
126
Building Details
Stories
8
Listing Agency:
Zilla Real Estate, Inc
(786) 972-9746
Listed By:
Briana Gowen · License #3272881
Source:
Crexi
Added: Apr 14
Changed: Aug 8
Last Checked: May 8 at 7:40AM
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 Zilla Real Estate, Inc
Investment Insights
Based on property information with market context.
This commercially zoned development site features an approved site plan for a mixed-use project including residential units plus retail. The seller highlights utility readiness for immediate tie-in, with points of connection for a 12-inch water main and an 8-inch gravity sewer identified as ready to connect today.
The approved plan supports a 126-unit concept with retail, and the seller also notes an approved scaled-down alternative of 56 units in an 8-story configuration. In addition, the seller references a by-right expansion pathway that could increase the project by adding up to 6 floors for up to 185 total units.
The seller further cites Opportunity Zone status and associated incentives, including a 75% reduction in property taxes in perpetuity, waiver of impact fees, and refund in sales tax on materials, as well as CRA TIF incentives. Seller financing is also described as possible. The remarks indicate appraisal value came in above the current list price.
The approved plan supports a 126-unit concept with retail, and the seller also notes an approved scaled-down alternative of 56 units in an 8-story configuration. In addition, the seller references a by-right expansion pathway that could increase the project by adding up to 6 floors for up to 185 total units.
The seller further cites Opportunity Zone status and associated incentives, including a 75% reduction in property taxes in perpetuity, waiver of impact fees, and refund in sales tax on materials, as well as CRA TIF incentives. Seller financing is also described as possible. The remarks indicate appraisal value came in above the current list price.
Key Highlights
- Site plan approved for 126 residential units plus retail.
- 12‑inch water main and 8‑inch gravity sewer connections are ready to connect today.
- Approved option includes a scaled‑down plan of 56 units in an 8‑story configuration.
Property Analytics
Current Use
Lease Details
126
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Site plan approved for residential units and retail, with 12-inch water and 8-inch gravity sewer connections ready to connect.
Where is this residential land & home lot located?
The property is located at 1477 Northwest 79th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Site plan approved for 126 residential units plus retail.; 12‑inch water main and 8‑inch gravity sewer connections are ready to connect today.; Approved option includes a scaled‑down plan of 56 units in an 8‑story configuration.
