Your email has been sent.
2201 NW 17th Ave - 29 Story Live Local Act site Miami Allapattah 0.91 Acres of Residential Land Offered at $25,707,188 CAD in Miami, FL 33142
Investment Highlights
- Live Local Act Eligible — Nearby 29-story Tower Establishes Height Precedent — Up to 480 Units — Inside a Transit-oriented Development (TOD)
Executive Summary
Located within 0.5 miles of the Santa Clara Metrorail Station, the site qualifies for Transit-Oriented Development (TOD) treatment. Under the Live Local Act, projects within 1/2-mile of a major transportation hub must receive at least a 20% parking reduction, and parking requirements are eliminated for qualifying mixed-use residential developments in designated TOD areas, supporting lower construction costs and more efficient site design.
INVESTMENT HIGHLIGHTS
• Established Height Precedent: Within 1 mile of the 29-story Lan Tower at River Landing, reinforcing vertical feasibility
• Scale: Estimated ~350 units by right; potential for ~480 units via Live Local Act
• Entitlement Advantage: Incentive-rich framework supporting high-density residential development
• Seller Leaseback: Available at $1/month for up to 12 months, enabling immediate site control
• Proximity to Major Demand Drivers: Jackson Health District, Miami International Airport, PortMiami, and Downtown
• Employment Density: Near the NW 20th Street industrial corridor
• Potential easement along the northern boundary and prospective assemblage with an adjacent City-owned parcel, subject to buyer verification
DEVELOPMENT POTENTIAL
Illustrative Live Local Act Development Program
• Up to 29 stories
• Approx. 420 residential units
• Structured parking with residential floors above, benefiting from TOD parking flexibility
Illustrative Unit Mix
• Studio: 105 units · ~500 SF
• 1BR: 168 units · ~700 SF
• 2BR: 105 units · ~950 SF
• 3BR: 42 units · ~1,100 SF
Illustrative Gross Income: ~$1.02M/month · ~$12.3M annually
DISCLAIMER: All development scenarios, densities, and financial projections are conceptual and must be independently verified by the buyer.
Property Facts
1 Lot Available
Lot
| Price | $25,707,188 CAD | Lot Size | 0.91 AC |
| Price Per AC | $28,249,656.60 CAD |
| Price | $25,707,188 CAD |
| Price Per AC | $28,249,656.60 CAD |
| Lot Size | 0.91 AC |
Corner lot with 117' on NW 17 Ave and 371' on NW 22 St. A highly efficient footprint conducive to high-rise multifamily development. Potential easement along the northern boundary. Possibility of assemblage with an adjacent City-owned parcel.
Description
The ~0.91-acre parcel, occupied by a ±30,264 SqFt industrial warehouse, is being offered at land value for high-rise, high-density multifamily redevelopment under the Live Local Act. Located on a corner lot, the site offers high visibility, functional dimensions, and multiple points of access, supporting efficient site planning and construction staging for a high-density project. The property is located in a growth corridor linking the Miami Health District, Downtown, Miami International Airport, and Port of Miami, placing it near several of the area's largest employment hubs. Proximity to these workforce centers supports housing demand for high-density residential development. Approximately 0.5 miles from the Santa Clara Metrorail Station, the site supports Transit-Oriented Development (TOD) incentives, including reduced parking requirements and improved development efficiency, while providing fixed-rail access to Downtown Miami, Brickell, and the airport. Ongoing public and private investment in the surrounding area continues to support the shift toward higher residential density, reinforcing the corridor's long-term development trajectory. A seller leaseback at $1 per month for up to 12 months is available, allowing immediate site control while entitlement and design work progress. Additional considerations include a potential easement along the northern boundary and the possibility of assemblage with an adjacent City-owned parcel, each subject to buyer verification. All property details and development considerations are preliminary. Buyers are responsible for conducting their own verification and due diligence.
Property Taxes
| Parcel Number | 01-3126-045-0200 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,727,933 CAD |
Property Taxes
Presented by
2201 NW 17th Ave - 29 Story Live Local Act site Miami Allapattah
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.