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    178 54Th St Miami, FL 33127

    For Sale
    $1,850,000

    Prime Miami commercial lot, 13,400 SF.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 13,400 square foot commercial land parcel presents a unique development opportunity in Miami's burgeoning Buena Vista neighborhood, situated at the intersection of Little River. Located on 178 NW 54th Street, Miami, FL 33127, this property enjoys a highly desirable location along the 54th Street corridor, providing immediate access to Miami's Design District, Upper East Side, Midtown, and Wynwood. The T5-O zoning allows for significant vertical development, with potential for 5-8 stories. This flexible zoning also permits a variety of uses, including boutique offices, showrooms, automotive facilities, sports-related businesses, and medical facilities. Alternatively, the zoning allows for high-density residential development, with up to 150 residential units per acre or 300 lodging keys per acre, making it ideal for hotel or Airbnb projects. The asking price for this prime development site is $1,850,000. This is a rare chance to acquire a substantial commercial lot in one of Miami's most dynamic and rapidly appreciating areas. Don't miss this opportunity to capitalize on the significant potential of this exceptional property.

    Property Features for 178 54Th St

    General Information

    Property type
    Private islands

    HighLights

    • Boutique development site at the Little River/Buena Vista junction.
    • 13,400 SF commercial lot on the 54th Street corridor.
    • Excellent access to Design District, Upper East Side, Midtown, & Wynwood.
    • Ideal for boutique offices, showrooms, or medical/auto/sports facilities.
    • T5‑O zoning allows 5‑8 story vertical development; up to 150 residential units or 300 hotel/Airbnb keys per acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Private islands

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.199392
    Latitude
    25.824889

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    FAQs

    What type of property is this?
    Private island - Prime Miami commercial lot, 13,400 SF.
    Where is this private island located?
    The property is located at 178 54Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Boutique development site at the Little River/Buena Vista junction.; 13,400 SF commercial lot on the 54th Street corridor.; Excellent access to Design District, Upper East Side, Midtown, & Wynwood.
    (305) 507-7098
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    178 54Th St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    178 54Th St Miami, FL 33127
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