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Investment Highlights
- 60,700 SF Development Site with Strong Visibility and Access
- Well-Located Site for Investors Seeking Redevelopment Upside
- Large infill parcel in supply-constrained submarket
- Surrounded by New and Emerging Multifamily Development
- Current Multifamily Zoning Creates Future Repositioning Appeal
- RU-3M multifamily zoning (10–21 units per acre)
Executive Summary
The site is currently improved with an existing church facility with capacity for approximately 500 occupants, providing immediate functionality for religious, community, or institutional use. This allows buyers to generate utility or maintain occupancy while evaluating long-term redevelopment plans, creating a covered land opportunity with near-term flexibility and long-term upside.
The property is zoned RU-3M (3700 Multi-Family Residential, 10–21 units per acre) and is located within a corridor that has already demonstrated proven multifamily and residential development activity. Nearby properties along NW 2nd Avenue include apartment communities, retirement housing facilities, and newer townhome developments, reinforcing the area’s transition toward higher-density residential use.
Recent nearby development examples include multifamily properties with 40+ units, 100+ unit senior housing, and newly built townhome projects, all located on comparable land sizes within the immediate area. These precedents provide buyers with real-world examples of development feasibility within the same zoning classification and corridor.
The surrounding zoning pattern includes a mix of multifamily districts, higher-density residential zoning, and commercial corridor designations, creating a strong foundation for continued residential growth. Given the property’s corner location, size, and positioning along a primary corridor, buyers may also evaluate alternative development strategies or potential rezoning scenarios, subject to Miami-Dade County approvals.
The site benefits from proximity to established residential neighborhoods, schools, retail services, and major transportation routes, making it attractive for developers seeking well-located infill opportunities within the urban core of North Miami-Dade. Demand for housing in this submarket continues to support new residential development, particularly in areas with access to major corridors and existing infrastructure.
Large infill sites with corner exposure, scale, and multifamily zoning are increasingly limited in the immediate area. This offering presents an opportunity to acquire a strategically located development site with existing improvements, zoning support for residential use, and strong surrounding development momentum.
All information is believed to be accurate but should be independently verified by prospective buyers. Any development plans, density assumptions, or rezoning potential are subject to buyer due diligence and approval by Miami-Dade County.
Property Facts
| Price | $5,436,641 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.39 AC |
| No. Lots | 1 | ||
| Zoning | RU-3M - Zoning: RU-3M (3700 Multi-Family, 10–21 units/acre). Currently Religious-Exempt use. Potential redevelopment subject to Miami-Dade approvals. | ||
| Price | $5,436,641 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.39 AC |
| Zoning | RU-3M - Zoning: RU-3M (3700 Multi-Family, 10–21 units/acre). Currently Religious-Exempt use. Potential redevelopment subject to Miami-Dade approvals. |
1 Lot Available
Lot
| Price | $5,436,641 CAD | Lot Size | 1.39 AC |
| Price Per AC | $3,901,484.56 CAD |
| Price | $5,436,641 CAD |
| Price Per AC | $3,901,484.56 CAD |
| Lot Size | 1.39 AC |
±1.40-acre (±60,700 SF) corner infill development site with strong frontage along NW 2nd Ave. Improved with existing church facility. Located in a growing residential corridor surrounded by multifamily and townhome development.
Description
Prime multifamily development opportunity in Biscayne Gardens, Miami-Dade County, featuring approximately ±1.40 acres (±60,700 square feet) of land positioned on a highly visible corner along NW 2nd Avenue, one of the area’s primary north-south corridors. This location provides strong accessibility, frontage, and exposure, making the property attractive for developers, investors, and institutional buyers seeking a well-located infill site. The property is currently improved with an existing church facility capable of accommodating approximately 500 occupants, offering immediate usability for religious, community, or institutional purposes. This existing improvement allows for interim use, potential income generation, or phased redevelopment, enhancing the overall investment profile as a covered land opportunity. Zoned RU-3M (3700 Multi-Family Residential, 10–21 units per acre), the property supports residential development within a corridor that has already experienced significant multifamily and residential growth. The surrounding area includes a mix of apartment buildings, retirement housing facilities, and newly constructed townhome communities, demonstrating a clear pattern of residential development and market demand. Nearby properties along NW 2nd Avenue include developments ranging from mid-sized apartment communities to higher-density residential uses, as well as a recently completed townhome project that sold in 2025, further validating the area’s appeal to developers and end-users. These nearby examples provide strong support for the property’s future redevelopment potential. The surrounding zoning landscape includes multifamily districts, higher-density residential zoning, and commercial uses, creating a dynamic environment where residential and mixed-use development continues to expand. The property’s corner configuration and size provide flexibility in site planning and design, making it suitable for a variety of development concepts such as apartment communities, townhome projects, senior housing, or institutional reuse. Given its location along a primary corridor and proximity to higher-density zoning, buyers may also evaluate rezoning or alternative entitlement strategies to enhance development potential, subject to Miami-Dade County approvals. The combination of existing zoning, surrounding development activity, and site characteristics positions the property as a compelling opportunity for both near-term use and long-term redevelopment. The property benefits from its location within Unincorporated Miami-Dade County, with access to nearby residential neighborhoods, schools, retail centers, and transportation routes. The continued population growth and housing demand in the North Miami-Dade submarket further support the viability of residential development in this area. This offering represents a rare opportunity to acquire a large corner infill development site with multifamily zoning, existing improvements, and strong redevelopment potential in a market where land availability continues to tighten. All information provided is believed to be accurate but should be independently verified. Buyers are encouraged to conduct their own due diligence regarding zoning, development potential, and any proposed use of the property.
Property Taxes
| Parcel Number | 30-2113-006-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,620,783 CAD |
Property Taxes
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15343 NW 2nd Ave
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