Commercial Land with Live Local Act
For Sale
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4385 Southwest 70th Court, Miami, FL 33155
Two parcels are described in connection with Florida’s Live Local Act multifamily development framework.
Property SizeContact for details
Days on Market182
Property Features for 4385 Southwest 70th Court
General Information
Standard status
Active
Class
B
Property subtype
Multifamily, Industrial
Zoning
Industrial/Mutifamily
Investment Type
Redevelopment
Building Details
Tenancy
Single
Listing Agency:
The Canero Group
Listed By:
Rodolfo "Rudy" Rodriguez · License #FL
(786) 302-6882
Source:
Crexi
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 20 at 8:15PM
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 The Canero Group
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Investment Insights
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This commercial land offering combines two parcels at 4385 SW 70th Ct in Miami, totaling 2.23 acres. Parcel A contains 44,884 SF, while Parcel B contains 52,593 SF. The property is presented in connection with Florida’s Live Local Act, which provides an administrative approval framework for qualifying multifamily rental developments on eligible commercial, industrial, or mixed-use sites.
The stated development concept totals approximately 558 units across both parcels. Qualification requires multifamily rental use, at least 40 percent affordable units for households earning up to 120% of area median income for a minimum of 30 years, and, for mixed-use projects, at least 65 percent residential floor area. Miami-Dade County has interpreted the Act to establish 250 dwelling units per acre as the applicable density benchmark, subject to height, floor-area ratio, parking, setbacks, aviation surfaces, site geometry, and other regulations.
Qualifying projects undergo Administrative Site Plan Review and remain subject to applicable environmental, concurrency, traffic, airport, and other regulatory requirements. The property is reported to be 0.16 mile from a BU-2 zoning district, and a zoning verification letter addresses the interpretation of unlimited height for qualifying projects within one mile of that district.
The stated development concept totals approximately 558 units across both parcels. Qualification requires multifamily rental use, at least 40 percent affordable units for households earning up to 120% of area median income for a minimum of 30 years, and, for mixed-use projects, at least 65 percent residential floor area. Miami-Dade County has interpreted the Act to establish 250 dwelling units per acre as the applicable density benchmark, subject to height, floor-area ratio, parking, setbacks, aviation surfaces, site geometry, and other regulations.
Qualifying projects undergo Administrative Site Plan Review and remain subject to applicable environmental, concurrency, traffic, airport, and other regulatory requirements. The property is reported to be 0.16 mile from a BU-2 zoning district, and a zoning verification letter addresses the interpretation of unlimited height for qualifying projects within one mile of that district.
Key Highlights
- Two‑parcel commercial land assemblage totaling 2.23 acres
- Parcel A: 44,884 SF; Parcel B: 52,593 SF
- Stated combined redevelopment concept of approximately 558 units
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,202
Businesses Nearby
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Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Two parcels are described in connection with Florida’s Live Local Act multifamily development framework.
Where is this commercial land located?
The property is located at 4385 Southwest 70th Court Miami, FL.
What is the asking price?
The asking price for this property is $30,000,000.
What are key features of this property?
This property features: Two‑parcel commercial land assemblage totaling 2.23 acres; Parcel A: 44,884 SF; Parcel B: 52,593 SF; Stated combined redevelopment concept of approximately 558 units
