16001 142Nd Ave Miami, FL 33177
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 16001 142Nd Ave
- Property type
- Commercial real estate
Description
This exceptional 47,871 square foot (1.1-acre) residential land parcel presents a unique opportunity for developers. Located at 16001 SW 142nd Avenue, this single-tenant property offers immediate availability and is perfectly situated for residential construction. The site's ideal location is underscored by the strong surrounding demographics. Within a 5-mile radius, the population exceeds 285,000 residents, boasting a robust average household income of $108,671. This affluent community provides a strong market for new residential development. Further enhancing the property's appeal is its proximity to Lennar's Salerno community, currently undergoing Phase II development. Salerno features homes priced between $743,000 and $867,000, indicating strong market demand and high potential for comparable residential projects on this site. The property's size and location make it an exceptional investment opportunity for those seeking to capitalize on the thriving residential market in this area. Pricing is available upon request. This is a rare chance to acquire a prime piece of land ready for immediate development. Don't miss this opportunity to build in a highly desirable and lucrative location.
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
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.422350662143
- Latitude
- 25.618590788878
