2160 79th St Miami, FL 33147

This exceptional 1.08-acre development site in Miami, Florida, presents a compelling investment opportunity. Located at 2160 NW 79th St, Miami, FL 33147 (APN 30-3110-057-2020), this property is zoned MC (Mixed-Use Corridor) and situated within a Qualified Opportunity Zone and Qualified Census Tract, offering significant tax advantages. Preliminary architectural plans envision a striking 8-story building encompassing approximately 227 residential units: 76 studios (500 sq ft), 65 one-bedroom/one-bath (750 sq ft), 24 one-bedroom/one-and-a-half-bath (780 sq ft), and 62 two-bedroom/two-bath (900 sq ft) units. The design also includes a three-level parking garage with roughly 260 spaces, wrapping two sides of the building, along with a fourth-floor pool and amenity deck, and 2,000 square feet of ground-floor retail/commercial space. The site's prime location in the Gladeview area, seven miles northwest of Downtown Miami, benefits from convenient access to Interstate 95 and Interstate 195, as well as multiple public transportation options, including bus routes and the Northside Metrorail Station. The asking price is $3,250,000, with a pro-forma NOI of $3,228,140. This property offers substantial potential for a high-return multifamily development in a rapidly growing area. The site's rectangular shape and existing plans streamline the development process.