1801 NE 4th Ave, Miami, FL 33132

Building Details

Year Built

1974

Listing office Porosoff Group a**@porosoff.com Show Phone

Listing date Mar 13, 2024

Source Crexi

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Overview

Located in Miami, the property at 1801 NE 4th Avenue offers an opportunity for development. The property includes 18 units on a 14,088 square foot lot. Zoned T6-36A-L, the site allows for high-rise development and short-term hospitality within the Miami-21 zoning landscape. Situated within the OMNI CRA and located in a Transit Oriented District, the zoning allows for the construction of 322 micro units with no parking requirements, 60% at market rate and 40% affordable to tenants earning up to 120% of the Area Median Income (AMI), which is $2126 maximum for studios, coming out to $5.50/Sq Ft in rent. The property is near Opera Tower, 1800 Club, Quantum on the Bay, and across from the ARIA Reserve, and is also located blocks from David Grutman's newest restaurant and the new Edition hotel and residences. Its location near Midtown, Wynwood, and the Design District enhances its appeal. The property offers the potential for boutique condo development or hospitality ventures and may offer water views.

Suggested Use

Butcher (Bike/Boat/Book/etc) Store Nursing Home Buffet Clothing & Fashion Store Clothing & Fashion Store Veterinary Clinic Mobile Phone Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.187552

Latitude

25.7939

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FAQs

What type of property is this?

Apartment building - 18-unit property with high-rise development potential in Miami.

Where is this apartment building located?

The property is located at 1801 NE 4th Ave Miami, FL.

What is the asking price?

The asking price for this property is $15,750,000.

What are key features of this property?

This property features: Zoning T6‑36A‑L allows for high‑rise development and short‑term hospitality.; Located in OMNI CRA, zoning allows for 322 micro units with no parking requirements via Live Local.; Large 14,088 Sq. Ft. lot in a prime Miami location.