Approved Site for Multifamily
1477 NW 79th St, Miami, FL 33147
- Added:
- Apr 15, 2026
- Days on Market:
- 48
- Last Refresh:
- Apr 10 at 9:11 am
Property Features for 1477 NW 79th St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing agent Briana Gowen License #3272881 (786) 972-9746
Listing office (786) 972-9746
Listing date Apr 15, 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 Briana Gowen
HighLights
- Site plan approved for 126 units plus retail, with an optional scaled‑down version of 56 units/8 stories.
- Opportunity Zone project offering significant financial incentives: a 75% reduction in property taxes in perpetuity, waiver of impact fees, and sales tax refund on materials.
- Project can be expanded by right, potentially adding 6 floors and increasing the total units to 185.
- Benefit from cost savings of $1,713,600 off the construction estimate.
- Updated water/sewer infrastructure provided by the county ensures ample capacity.
- Appraisal came in above current list price.
Overview
This property features an approved site plan for a 126-unit plus retail development, located within an Opportunity Zone. An optional approved scaled-down 56-unit, 8-story option is also available. The project has the potential to expand by right, adding up to 6 floors and a total of 185 units. Nearby developments include Swerdlow Group projects such as the 37-acre West Little River project and the mixed-use Brightline Little River District, as well as HueHub on 84th Street with 4,032 units, and two Blackstone redevelopment projects at 1250 NW 79th and 2640 NW 79th Street. Benefits of this project include a 75% reduction in property taxes in perpetuity, waiver of impact fees, and a refund in sales tax on materials, along with CRA TIF Incentives. These incentives provide cost savings of $1,713,600 off the construction estimate. Updated water and sewer infrastructure is provided by the county abutting the property, with ample capacity for the 126 units or larger. A construction estimate is available. The property 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
P.H.A.S.E.S. Multipurpose Center
Community Center
Hudson Brothers A/C ...
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.224008
- Latitude
- 25.846864
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Opportunity Zone project with approved site plan for 126 units.
Where is this commercial land located?
The property is located at 1477 NW 79th St Miami, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Site plan approved for 126 units plus retail, with an optional scaled‑down version of 56 units/8 stories.; Opportunity Zone project offering significant financial incentives: a **75% reduction in property taxes in perpetuity**, waiver of impact fees, and sales tax refund on materials.; Project can be expanded by right, potentially adding 6 floors and increasing the total units to 185.
