5390 27 Ave Brownsville, FL 33142
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 5390 27 Ave
- Property type
- Specialty properties
Description
This exceptional 1.68-acre site, located at the hard corner intersection of NW 54th Street and NW 27th Avenue in Miami, Florida (33142), presents a unique development opportunity. Situated in Brownsville, within Miami-Dade County, this property boasts a strategic location at the intersection of Hialeah and Model City, benefiting from high traffic counts of 33,000 and 21,000 vehicles daily on the intersecting roads. The 74,000 square foot lot is ideally suited for a high-density development project. Its zoning allows for the application of SB102 Live Local zoning, enabling the creation of up to 250 units per acre (or 420 units with maximum bonuses), with potential building heights of up to 15 stories. This zoning designation also offers significant advantages in mitigating real estate taxes and impact fees. The asking price for this prime development land is $7,500,000. Offers involving LIHTC or similar programs will not be considered. This transit-oriented location offers unparalleled potential for a high-return investment. The property's size and location make it an exceptional opportunity for developers seeking a high-density project in a rapidly growing area of Miami.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2409
- Latitude
- 25.8238
