1542 1St Ave Miami, FL 33132
- Land
Current Use by Public Records
- Land
Property Details for 1542 1St Ave
- Property type
- Land
Description
This exceptional 18,900 square foot land parcel presents an unparalleled development opportunity in Miami's vibrant Arts & Entertainment District. Located in a designated Opportunity Zone, this prime property boasts significant upside potential for investors seeking high-density development. Zoning regulations permit the construction of up to 216 residential units or 433 hotel units, offering a wide range of development possibilities. The site's location within Miami's most desirable neighborhoods ensures strong demand and high occupancy rates for any future development. The high-density zoning allows for a substantial buildable area, maximizing return on investment. This is a rare chance to create a landmark project in a rapidly growing and dynamic community, capitalizing on Miami's thriving real estate market. The property is situated at 1542 NE 1st AVE, Miami, FL 33132, in Miami-Dade County. The asking price for this exceptional development opportunity is $13,000,000. This is a truly unique chance to shape the future of Miami's skyline.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1926
- Latitude
- 25.7903
