45-Unit Multifamily Development
New
For Sale
$1,790,000
1552 NW 15th Ave, Miami, FL 33125
Covered land with duplex rental income and a submitted multifamily development plan.
Days on Market3
Property Features for 1552 NW 15th Ave
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Douglas Elliman - Miami
(305) 582-2424
Listed By:
Brian Carter · License #3022095
(305) 582-2424
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 12:03PM
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 Douglas Elliman - Miami
Investment Insights
Based on property information with market context.
This commercial land opportunity includes existing duplex rental income and a development plan for 45 units. The Site Plan/Warrant Approval submission includes a 100% parking reduction under the Live Local Act Submission, supporting a multifamily development concept while construction documents and permit approvals are pursued. Estimated permit approval timing is 9 to 12 months from closing.
The property is located 5 blocks from Miami River Landings, Publix, Planet Fitness, and the U-health | Jackson Metro-Mover Station. It is positioned between Wynwood, Edgewater, and Little Havana, with access to Brickell and Downtown. Nearby major employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, and VA Miami Medical Center. The area records a walk score of 78, bike score of 59, and transit score of 57.
The property is located 5 blocks from Miami River Landings, Publix, Planet Fitness, and the U-health | Jackson Metro-Mover Station. It is positioned between Wynwood, Edgewater, and Little Havana, with access to Brickell and Downtown. Nearby major employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, and VA Miami Medical Center. The area records a walk score of 78, bike score of 59, and transit score of 57.
Key Highlights
- Development plan for 45 units with 100% parking reduction under Live Local Act Submission
- Existing duplex rental income during the development and permitting process
- 5 blocks to Miami River Landings, Publix, Planet Fitness, and the U‑health | Jackson Metro‑Mover Station
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Covered land with duplex rental income and a submitted multifamily development plan.
Where is this commercial land located?
The property is located at 1552 NW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Development plan for 45 units with 100% parking reduction under Live Local Act Submission; Existing duplex rental income during the development and permitting process; 5 blocks to Miami River Landings, Publix, Planet Fitness, and the U‑health | Jackson Metro‑Mover Station
