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Commercial Land with Existing Duplex
New
For Sale
$825,000

279 NW 54th St, Miami, FL 33127

Redevelopment parcel with an existing duplex, parking, and T5-O Miami 21 zoning.

Property Size1,056 SF
Days on Market5

Property Features for 279 NW 54th St

General Information

Standard status Active
Size 1,056 SF
Property subtype Commercial

Building Details

Building Size 1,056 SF
Year Built 1939
Listing Agency: Graber Realty Group
Listed By: Shane Graber · License #3347659
Source: Elliman
Added: Sep 11 Changed: Sep 12 Last Checked: Sep 15 at 7:53AM

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 Graber Realty Group

Investment Insights

Based on property information with market context.

This 6,650-square-foot commercial land parcel includes an existing income-producing duplex built in 1939, along with abundant on-site parking. The property provides 50 feet of frontage on NW 54th Street and is positioned for redevelopment, continued income use, or repositioning under T5-O Miami 21 zoning.

The site records 17,200 Average Daily Traffic and offers access to I-95 and Biscayne Blvd. It is near the Magic City Innovation District and Design District, with Allapattah, Wynwood, Midtown, MiMo, and the Beaches also identified in the surrounding context. The property has a 98 Walk Score, an 84 Bike Score, and a 50 Transit Score.

The zoning is described as supporting multifamily, commercial, lodging, and mixed-use development. The city will allow 9 units and 5 stories with ground-floor under-parking, per the seller.

Key Highlights

  • 6,650‑square‑foot commercial land parcel
  • 50 feet of frontage on NW 54th Street
  • T5‑O Miami 21 zoning supports multifamily, commercial, lodging, and mixed‑use development

Property Analytics

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Current Use

Papillon Social Food And Beverage Exporter

Suggested Use

Top Pick Dental Office Butcher Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,092
Businesses Nearby

Demographics for 33127, FL

27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Redevelopment parcel with an existing duplex, parking, and T5-O Miami 21 zoning.
Where is this commercial land located?
The property is located at 279 NW 54th St Miami, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 6,650‑square‑foot commercial land parcel; 50 feet of frontage on NW 54th Street; T5‑O Miami 21 zoning supports multifamily, commercial, lodging, and mixed‑use development
More about this property
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