Corner Development
For Sale
$999,999
2503 NW 87th Street, Miami, FL 33147
Corner parcel in an Opportunity Zone, offering a development path for 25+ housing units.
Property SizeContact for details
Days on Market38
Property Features for 2503 NW 87th Street
General Information
Standard status
Active
Property subtype
Land
Zoning
6062
Additional Details
Opportunity Zone
Yes
Multifamily Units
25
Taxes and HOA fees
Annual Taxes
$3,300
Listing Agency:
Florida Realty of Miami Corp
(305) 409-7205
Listed By:
Tameka Allen · License #3422856
(305) 409-7205
Source:
Laerrealty
Added: Jul 7
Changed: Aug 8
Last Checked: Jul 7 at 6:00AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This offering is a large corner lot positioned for residential development. The property is presented as an opportunity to build 25 or more housing units, supported by the current designation referenced in the listing. Buyers should review the applicable development requirements and any subject conditions prior to proceeding.
The lot is described as centrally located in the heart of Miami, placing it within a desirable area based on the seller’s remarks. Vehicular access details, lot dimensions, and surrounding uses are not provided in the available information, so diligence will be important for site planning.
For developers, this parcel may fit multi-unit residential projects where an Opportunity Zone can be relevant to the overall development approach. The listing also states that any subject liens will be paid by the seller. Interested parties should confirm entitlements, permitting timelines, and construction feasibility during underwriting, including any requirements tied to the Opportunity Zone and the proposed unit count.
The lot is described as centrally located in the heart of Miami, placing it within a desirable area based on the seller’s remarks. Vehicular access details, lot dimensions, and surrounding uses are not provided in the available information, so diligence will be important for site planning.
For developers, this parcel may fit multi-unit residential projects where an Opportunity Zone can be relevant to the overall development approach. The listing also states that any subject liens will be paid by the seller. Interested parties should confirm entitlements, permitting timelines, and construction feasibility during underwriting, including any requirements tied to the Opportunity Zone and the proposed unit count.
Key Highlights
- Corner parcel in an Opportunity Zone with a development path for 25+ housing units
- Zoned for development opportunity within an Opportunity Zone in the heart of Miami
Property Analytics
Property Profile
Current Use
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
1,111
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 - Corner parcel in an Opportunity Zone, offering a development path for 25+ housing units.
Where is this residential land & home lot located?
The property is located at 2503 NW 87th Street Miami, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Corner parcel in an Opportunity Zone with a development path for 25+ housing units; Zoned for development opportunity within an Opportunity Zone in the heart of Miami
