652 31St St Miami, FL 33127
- Distribution centers
- 7,200 SF
- 7,200.00 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 652 31St St
- Lot size
- 7,200.00 lot acres
- Property size
- 7,200 SF
- Property type
- Distribution centers
Description
This exceptional 7,200-square-foot warehouse property presents a unique land development opportunity in Miami's vibrant Allapattah/Wynwood Norte area. Currently vacant, this 7.2-acre lot is zoned D1, allowing for a diverse range of development options under Miami 21 zoning regulations. The permitted uses include multi-family residential (with a density of 36 units per acre), office, retail, and industrial spaces, offering significant flexibility for investors. The property's 12-story height restriction allows for the construction of an eight-story building. Its strategic location offers convenient access to I-95 via a nearby ramp and NW 7th Avenue, enhancing its appeal and potential for high occupancy rates. The surrounding area is experiencing significant growth, with new storage facilities recently constructed on the same street and the imminent arrival of art galleries, further bolstering the property's investment potential. This is a prime opportunity to capitalize on the burgeoning development in this dynamic Miami neighborhood. The asking price for this exceptional property is $1,900,000. The property is currently a single-story warehouse building.
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
- -80.2064042
- Latitude
- 25.8051055
