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1334 SW 1st St - Develop 153 units 0.66 Acres of Commercial Land Offered at $7,608,645 CAD in Miami, FL 33135
INVESTMENT HIGHLIGHTS
- Potential to develop 153 units in 12 stories
- Between Health District (UM & Jackson Hospitals) & Brickell/Downtown Miami, FL
- Please see attached Offering Memorandum ("OM") for details
- 29,000 SF of Land assembled in Little Havana on high traffic street
- Covered land play with rental houses/apartments generating $17,000/month in rents
EXECUTIVE SUMMARY
Seller may be willing to hold for a longer closing depending upon negotiated terms.
Seller willing entertain a Seller's Note at closing of 50% LTV with a full priced deal for up to 18 months. Terms to be negotiated but 1st position only and taken out with addition of any additional or construction financing.
Assemblage of 4-lots fronts both SW 1st & 2nd Streets.
Covered Land Play generating $17,000/month rents. See attached updated OM for more information.
PROPERTY FACTS
| Price | $7,608,645 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.66 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | Live Local - Increased density due to Live Local Benefits on top of T6 & T5 zoning | ||
| Price | $7,608,645 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.66 AC |
| No. Stories | 1 |
| Zoning | Live Local - Increased density due to Live Local Benefits on top of T6 & T5 zoning |
1 LOT AVAILABLE
Lot 4
| Price | $7,608,645 CAD | Lot Size | 0.66 AC |
| Price Per AC | $11,468,249.78 CAD |
| Price | $7,608,645 CAD |
| Price Per AC | $11,468,249.78 CAD |
| Lot Size | 0.66 AC |
Develop 153 units only $36,000/door in Miami, FL via Live Local Act. Assembled 29,000 SF lot in Little Havana btwn the Hospital/Health District, Brickell/Downtown, Coral Gables, Grove & Miami International Airport near SW 12th Ave & 1st St.
DESCRIPTION
Develop 153 units in Little Havana near NW 12th Ave & SW 1st Street, Miami, FL, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Plans for 12 stories with no setbacks above the 8th level on 29,000 SF assemblage. Plans call for an Apartment mix of 71 Live-Local units at 120% of AMI and balance to 153 units. Waiver Approval as of 07/30/25 for 109 units now may be amended to 153 units. Covered Land Play receives $17,000/mo in rent currently. Renderings by MODIS Architects. $5.5 mm | $36,000/door land cost | $189/SF for the Land. Potential Seller Financing. See attached OM.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $402,272 CAD | |
| Land Assessment | $1,772,992 CAD | Total Assessment | $2,175,264 CAD |
PROPERTY TAXES
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1334 SW 1st St - Develop 153 units
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