16855 37th Ave Miami Gardens, FL 33056-4105

This exceptional Miami Gardens investment opportunity presents a prime 7.2 million dollar multifamily development site at 16855 NW 37th Ave, Miami-Dade County, Florida, 33056. The property, built in 1963, currently operates as an automotive repair and sales business, but holds significant potential for redevelopment. The property is approved for low-income housing, allowing for the construction of up to 84 units. The current zoning is BU13 (Business Use). The sale includes two folios and encompasses a substantial land area, which includes an adjacent lot to the south. The total square footage advertised includes both parcels. This presents an excellent opportunity for owner-developers seeking a high-return project. The property's location may also benefit from its proximity to a Transit Development Corridor, offering further potential for increased value and demand. The property is situated at latitude 25.9273328 and longitude -80.2603678. This is a rare chance to acquire a large parcel in a rapidly growing area with approved plans for significant density. Serious inquiries only.