Corner Multifamily Development
For Sale
Contact for pricing
Pending
85 NE 55th St, Miami, FL 33137
Corner-to-corner parcel zoned T4-R with allowance for up to seven units under current zoning and Opportunity Zone incentives.
Property SizeContact for details
Lot Size0.20 Acres
Days on Market125
Property Features for 85 NE 55th St
General Information
Standard status
Pending
Lot size
0.20 Acres
Property subtype
Multifamily
Zoning
T4-R
Additional Details
Opportunity Zone
Yes
Listing Agency:
Fausto Commercial Realty Consultants
(305) 340-8901
Listed By:
Mauricio Villasuso · License #3254982
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 4:53AM
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 Fausto Commercial Realty Consultants
Investment Insights
Based on property information with market context.
Fausto Commercial presents a Buena Vista multifamily development opportunity on a corner-to-corner parcel totaling 8,760 square feet, zoned T4-R. The site offers by-right development opportunity, with the potential to build up to seven units under current zoning. Under the current zoning framework, the property also supports development of a two-story, six-apartment rental building.
The property is located a short, four-block walk from the Upper Buena Vista shopping and dining area. The site also sits within an Opportunity Zone, which may qualify the owner/developer for Opportunity Zone tax incentives based on deferring or reducing capital gains tax over 5, 7, or 10-year holding periods.
Additional program detail included with the offering: the acquisition qualifies for Opportunity Zone benefits as described, and the remarks also note that applying for Low Income Housing Tax Credits may provide potential annual tax reductions on eligible acquisition and development costs during the first 10 years after the building is fully operational.
The property is located a short, four-block walk from the Upper Buena Vista shopping and dining area. The site also sits within an Opportunity Zone, which may qualify the owner/developer for Opportunity Zone tax incentives based on deferring or reducing capital gains tax over 5, 7, or 10-year holding periods.
Additional program detail included with the offering: the acquisition qualifies for Opportunity Zone benefits as described, and the remarks also note that applying for Low Income Housing Tax Credits may provide potential annual tax reductions on eligible acquisition and development costs during the first 10 years after the building is fully operational.
Key Highlights
- Corner‑to‑corner parcel at 85‑87 NE 55th Street, Miami, FL 33137 totaling 8,760 SF.
- Zoned T4‑R with the opportunity to build by right up to 7 units under current zoning.
- Opportunity Zone location may qualify the owner/developer for Opportunity Zone tax incentives with 5-, 7-, or 10‑year holding periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner-to-corner parcel zoned T4-R with allowance for up to seven units under current zoning and Opportunity Zone incentives.
Where is this residential land & home lot located?
The property is located at 85 NE 55th St Miami, FL.
What are key features of this property?
This property features: Corner‑to‑corner parcel at 85‑87 NE 55th Street, Miami, FL 33137 totaling 8,760 SF.; Zoned T4‑R with the opportunity to build by right up to 7 units under current zoning.; Opportunity Zone location may qualify the owner/developer for Opportunity Zone tax incentives with 5-, 7-, or 10‑year holding periods.
