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1598 NE 1st Ave - Development Site Opportunity - A&E District 0.77 Acres of Commercial Land Offered at $30,562,273 CAD in Miami, FL 33132

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INVESTMENT HIGHLIGHTS

  • Entire Half Block development site creating views on 3 sides and a more efficient design.
  • Close to the Miami World Center master-planned development
  • Unique Miami Arts and Entertainment destination
  • 3 blocks from the Genting Group, largest waterfront available site in Miami, where a signature project will come in the next years

EXECUTIVE SUMMARY

Fortune Christies International Realty is pleased to present a unique opportunity to acquire entire half block development site in the A&E District. The corner lot of 37,275 SF is located at 1553 NE Miami Pl- 1558 NE 1st Ave. The property has an outstanding location between NE 1 st Ave and NE Miami Pl. It is located right in front of the School Board Metromover Station, and minutes away from Downtown, Wynwood, the Design District and Edgewater. It is important to note that the property it’s located in an Opportunity Zone.

PROPERTY FACTS

Price $30,562,273 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Apartment Units - Condo
Total Lot Size 0.77 AC
Opportunity Zone Yes
Zoning T6-24a-O

1 LOT AVAILABLE

Lot

Price $30,562,273 CAD
Price Per AC $39,560,457.65 CAD
Lot Size 0.77 AC

Zoned T6-24a-O, which allows a developer to build a tower that could rise up to 48 stories and include up to 427 residential units, with 260,925 Gross SF as of right, or 339,202 Gross SF with Public Benefit Bonus.

Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-3136-005-0890
  • 01-3136-005-0870
  • 01-3136-005-0920
  • 01-3136-005-0930
  • 01-3136-005-0910
  • 01-3136-005-0880
  • 01-3136-005-0900
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,379,386 CAD
  • Listing ID: 37869014

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 1598 NE 1st Ave, Miami, FL 33132

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