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2007 NW 7th Ave - 2.5 Acre Site - Opportunity Zone 2.5 Acres of Commercial Land Offered at $34,612,501 CAD in Miami, FL 33127
INVESTMENT HIGHLIGHTS
- Rare 2.5-acre site in Miami’s emerging Allapattah neighborhood
- UM/Jackson Health District adjacent
- Within the SEOPW CRA
- Live Local Act provides for approx 1,012 buildable units on the subject property
- Wynwood adjacent
- Opportunity Zone
EXECUTIVE SUMMARY
Consisting of 110,000 contiguous SF, 124,495 SF in total across 17 parcels, the site is situated on a hard corner with frontage on two primary thoroughfares. Further benefits include Opportunity Zone and served by the Southeast Overtown/Park West CRA.
The Live Local Act provides unprecedented development benefits, a density of 1,000 dwelling units per acre and 36 floors on this site. The in-place D2 light industrial zoning allows for a non-residential 8 floor building by right with 90% lot coverage. The 4 existing warehouses, covering roughly 40,000 SF, present a developer with interim income potential as a valuable low-coverage last-mile facility.
Located at the intersection of NW 7th Ave (SR 441) and 20th Street. 100' from both the UHealth/Converge Miami Life Science Building and Lindsey Hopkins Technical College.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $34,612,501 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.50 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | D2 - Light Industrial | ||
| Price | $34,612,501 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.50 AC |
| Opportunity Zone |
Yes |
| Zoning | D2 - Light Industrial |
1 LOT AVAILABLE
Lot
| Price | $34,612,501 CAD | Lot Size | 2.50 AC |
| Price Per AC | $13,845,000.27 CAD |
| Price | $34,612,501 CAD |
| Price Per AC | $13,845,000.27 CAD |
| Lot Size | 2.50 AC |
DESCRIPTION
• Rare 2.5-acre site in Miami’s emerging Allapattah neighborhood • Live Local Act provides for approx 1,012 buildable units on the subject property • Critical Urban Infill • Opportunity Zone • Within the SEOPW CRA • 100' from UHealth/Converge Miami Life Science Building • Wynwood adjacent • UM/Jackson Health District adjacent • 1/2 mile to Santa Clara Metrorail station • 7 minutes to Downtown Brightline Station • Directly served by the Metrobus 77 & 20 routes, providing no-transfer routes to the Government Center Metrorail, Metro Mover, Miami International Airport and South Beach respectively.
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2007 NW 7th Ave - 2.5 Acre Site - Opportunity Zone
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