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    174 79Th St Miami, FL 33150

    Sponsored
    For Sale
    $3,600,000

    Prime 20,906 sq ft lot, mixed-use potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,906 square foot development site in Miami's West Little River neighborhood presents a unique investment opportunity. Located at 174 and 160 NW 79th Street, Miami, FL 33150 (APN: 01-3112-048-0140), this property is ideally situated steps away from a proposed large-scale development featuring thousands of residential units and extensive commercial space. The site is zoned to allow for the construction of an eight-story building with a variety of permitted uses, including up to 72 residential units, up to 144 hospitality units, and office space. This presents significant potential for diverse development strategies. The asking price is $3,600,000, and the sale is structured to accommodate a 1031 exchange. During the development phase, the project is projected to generate a gross annual income of $188,400. This is a rare chance to capitalize on the burgeoning growth in this dynamic Miami neighborhood. Don't miss this chance to secure a prime piece of Miami real estate.

    Property Features for 174 79Th St

    General Information

    Property type
    Land

    HighLights

    • 20,906 SF development site in Miami's West Little River.
    • Located at 174 & 160 NW 79th St, Miami, FL 33150 (APN: 01‑3132‑048‑0140).
    • Zoned for eight‑story building with up to 72 residential, 144 hospitality, or office units.
    • Asking price: $3,600,000, 1031 exchange accommodated.
    • Projected annual gross income: $188,400.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alternators & Starters Express Alternator Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2004037
    Latitude
    25.8468866

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    FAQs

    What type of property is this?
    Land - Prime 20,906 sq ft lot, mixed-use potential
    Where is this land located?
    The property is located at 174 79Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 20,906 SF development site in Miami's West Little River.; Located at 174 & 160 NW 79th St, Miami, FL 33150 (APN: 01-3132-048-0140).; Zoned for eight-story building with up to 72 residential, 144 hospitality, or office units.
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    174 79Th St Miami, FL 33150
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    Miami, FL 33150
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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
    174 79Th St Miami, FL 33150
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