259 NE 79th St Miami, FL 33138

Listing office Fausto Commercial Realty Consultants v*@faustocommercial.com Show Phone

Listing date Mar 4, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity within the 79th Street Business Corridor, situated minutes from Magic City, Wynwood, and the Design District. The surrounding area is undergoing rapid growth, with high-profile developments planned, including the redevelopment of the former Immigration Building at the corner of 79th Street and Biscayne Boulevard, which is slated to include a hotel, condominiums, and ground-level retail spaces. The 18,000 SqFt lot is zoned T6-8-O, offering the potential for the construction of 54 units. Currently, there is an existing 10-unit building spanning 7,301 SqFt, which provides immediate income potential while redevelopment plans are underway. This property is suitable for developers and investors.

Key Highlights

• Prime location on the 79th Street Business Corridor, a rapidly growing area.
• T6‑8‑O zoning allows for potential development of up to 54 units.
• Large 18,000 SqFt lot suitable for significant redevelopment.

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FAQs

What type of property is this?

Commercial land - 18,000 SqFt lot with redevelopment potential in growing area.

Where is this commercial land located?

The property is located at 259 NE 79th St Miami, FL.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Prime location on the 79th Street Business Corridor, a rapidly growing area.; T6‑8‑O zoning allows for potential development of up to 54 units.; Large 18,000 SqFt lot suitable for significant redevelopment.