1231 NE 115th St - 75 Unit Development Site + Entitlements 0.98 Acres of Commercial Land Offered at $4,039,104 CAD in Miami, FL 33161

THE ALPHA COMMERCIAL ADVISORS™ PRESENTS A NEWLY RE-ZONED & ENTITLED DEVELOPMENT OPPORTUNITY WITH APPROVALS IN-PROGRESS ADJACENT MIAMI’S BISCAYNE TRANSIT CORRIDOR.
This newly rezoned infill site anchored between Biscayne Boulevard and the FEC rail line offers investors a rare ground-floor entry into Miami-Dade’s next sleeping-giant growth pocket, the 0.98-acre site was recently rezoned from RU-2 to MCD (Mixed-Use Corridor District), paving the way for a true live-work-play program consistent with the County’s SMART Plan vision for transit-oriented growth.
Plans-in-progress outline a six-story, 84,796 SF mixed-use complex with 75 residential units, 11,000 SF of commercial space, and 75 at-grade parking spaces, emphasizing efficient two-bedroom / 2 bath layouts of 800 SF each.
With zoning secured and approvals well underway, the project is positioned for an investor to assume the final stretch—reducing entitlement risk and accelerating execution.
Backed by Miami Shores’ established residential base and energized by new regional investment, this is a rare chance to control a lion’s share of a rezoned pocket at the forefront of Miami-Dade’s growth trajectory.
Re-Zoned for Growth: Newly approved site-specific re-zoning from RU-2 to MCD, clearing a major entitlement hurdle thanks to positioning within Miami-Dade’s SMART Plan Corridor which supports increased density and critical parking reductions.
Final Stretch Approvals: Advanced-stage Administrative Site Plan Review (ASPR) underway for a six-story, 75-unit mixed-use project, allowing investors to fast-track delivery while minimizing risk and carry costs.
Proven Market Advantage: Directly adjacent to Miami Shores, Biscayne Shores, and North Miami with Miami’s emerging peripheral core neighborhoods just to the south — the site is anchored by established residential demand, long-term livability, and energized by new investment driving future appreciation.
Convenient Connectivity: Immediate accessibility to both NE 125th Street and Biscayne Boulevard – two vibrant retail/office corridors with combined traffic circulation over 66,000 vehicles daily – all within a quiet residential setting.