6900 2nd Ave Miami, FL 33138-5506

Property Details for 6900 2nd Ave

Lot size

0.32 lot acres

Zone code

6101

Property type

Commercial land

APN

01-3113-009-0600

APU

131130090600

Description

This exceptional 22,848 square foot commercial land parcel in Miami's Little Haiti/Little River neighborhood is offered at $2,790,000. Zoned T5-O, it allows for up to five stories and 80% lot coverage, with a potential density of 65 units per acre. The site boasts a buildable square footage of 91,392, presenting a significant development opportunity. Located at 6900 NE 2nd Ave, Miami, FL 33138, this property benefits from its proximity to major highways (I-95 and I-195), and thriving neighborhoods like the Design District and Magic City Innovation District. The Live Local Act may allow for increased density and height, potentially exceeding 150 units and 8 stories, subject to meeting specific affordability requirements (renting at least 40% of units to residents earning up to 120% of the area median income). The area is experiencing significant growth, with several large-scale multifamily projects underway nearby, including the Magic City Innovation District (2,700 units), AJ Capital's Little River development (hundreds of units), CEDARst's project (191 units), and Morgan Reed's Little River Center (100 units). This prime location and zoning regulations make this a compelling investment for developers seeking to capitalize on Miami's booming real estate market. The price per square foot is $122. This property presents a rare opportunity to develop a substantial project in a rapidly transforming area.