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2263 NW 62nd St - Infill Development Land 0.22 Acres of Residential Land Offered at $600,246 CAD in Miami, FL 33147
INVESTMENT HIGHLIGHTS
- Highly Visible Corner: Prime corner development site with high visibility at the intersection of NW 62nd St and NW 22nd Ave.
- Located within a Qualified Opportunity Zone, allowing for attractive tax incentive opportunities.
- Blocks from the transformative Liberty Square Apartments redevelopment, and infill projects at various ASPR stages
- Prime Development Opportunity: Zoned for up to 19 units over 10 stories by-right w/ further upside from Live Local
- Growing Transportation Hub: Just steps from the Dr. Martin Luther King Jr train station, and Miami-Dade’s expanding transit infrastructure.
- Live Local Eligibility w/ optional Live Local Max. Density for up to 54 units and 12 stories on this site
EXECUTIVE SUMMARY
THE ALPHA COMMERCIAL ADVISORS PRESENTS A PRIME CORNER DEVELOPMENT SITE IN A WELL-SITUATED, HIGH-VISIBILITY CORRIDOR OF MIAMI.
Located at the intersection of NW 62nd ST and NW 22nd AVE, two major traffic corridors, this high-visibility vacant lot sits within a Qualified Opportunity Zone and offers zoning potential for up to 19 residential units over 10 stories. Just steps from Miami-Dade’s expanding SMART Program transit infrastructure, the property is ideally situated for future-focused, transit-oriented development. With major redevelopment efforts underway nearby—including the transformative Liberty Square revitalization—this site offers long-term upside for developers and investors eager to capitalize on the area’s continued growth and momentum.
The current MCUAD zoning allows for at least 19 residential units over 10 stories BY-RIGHT. This is calculated based on the 9,450 Sq. Ft. (0.21 acre) footprint and 90 du/acre = 19 units on this site. As densities in Unincorporated Dade pull from the gross lot area rather than the net lot area, there may be further density baked-in to the by-right allowances here by calculating the total gross lot area including the right-of-way.
Unincorporated Dade also allows for bonus density of an additional 25%, for the inclusion of workforce housing units, and only 12.5% of the total project must be workforce housing units. That would equate to: 19 units X 25% = 4 additional units = 23 units on this site (only 2 must be workforce housing).
With Live Local Act (SB-102) benefits, there is even more upside to be recognized, and buyer can pull from the highest density in the Unincorporated Dade zoning code which is 250 du/acre or 54 units on this site, with up to 12 stories of height allowed.
Located at the intersection of NW 62nd ST and NW 22nd AVE, two major traffic corridors, this high-visibility vacant lot sits within a Qualified Opportunity Zone and offers zoning potential for up to 19 residential units over 10 stories. Just steps from Miami-Dade’s expanding SMART Program transit infrastructure, the property is ideally situated for future-focused, transit-oriented development. With major redevelopment efforts underway nearby—including the transformative Liberty Square revitalization—this site offers long-term upside for developers and investors eager to capitalize on the area’s continued growth and momentum.
The current MCUAD zoning allows for at least 19 residential units over 10 stories BY-RIGHT. This is calculated based on the 9,450 Sq. Ft. (0.21 acre) footprint and 90 du/acre = 19 units on this site. As densities in Unincorporated Dade pull from the gross lot area rather than the net lot area, there may be further density baked-in to the by-right allowances here by calculating the total gross lot area including the right-of-way.
Unincorporated Dade also allows for bonus density of an additional 25%, for the inclusion of workforce housing units, and only 12.5% of the total project must be workforce housing units. That would equate to: 19 units X 25% = 4 additional units = 23 units on this site (only 2 must be workforce housing).
With Live Local Act (SB-102) benefits, there is even more upside to be recognized, and buyer can pull from the highest density in the Unincorporated Dade zoning code which is 250 du/acre or 54 units on this site, with up to 12 stories of height allowed.
PROPERTY FACTS
| Price | $600,246 CAD | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.22 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | MCUCD - Model City Urban Central District: Multi-family, Religious, Education, Office, Retail, Mixed Use plus. Max Density: 19 units, Max Height: 10 Stories | ||
| Price | $600,246 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.22 AC |
| Opportunity Zone |
Yes |
| Zoning | MCUCD - Model City Urban Central District: Multi-family, Religious, Education, Office, Retail, Mixed Use plus. Max Density: 19 units, Max Height: 10 Stories |
1 LOT AVAILABLE
Lot
| Price | $600,246 CAD | Lot Size | 0.22 AC |
| Price Per AC | $2,728,389.17 CAD |
| Price | $600,246 CAD |
| Price Per AC | $2,728,389.17 CAD |
| Lot Size | 0.22 AC |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 30-3115-037-0090 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $180,274 CAD |
PROPERTY TAXES
Parcel Number
30-3115-037-0090
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$180,274 CAD
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2263 NW 62nd St - Infill Development Land
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