342 NW 7th St - Build 92 Units | TOD | Downtown Miami 0.22 Acres of Commercial Land Offered at $8,427,360 CAD in Miami, FL 33128

Near Permit Approval for 92 Units in Miami, FL. 91 rentals & 1 commercial bay by-right via Live Local Act submission allowing for 100% parking reduction driving down your development costs. TOD & OZ areas. Across from Block 55 & Sawyers' Walk. One block to Downtown Miami in Highland Park on this vacant land site in the next area of continued development in Miami, Florida. Development by-right via submission under Live Local SB102 & 328 amendments, allowing for 100% parking reduction driving down your development costs. Located in Transit Oriented Development (“TOD”) and Opportunity Zoned (“OZ”) areas.
The proposed development concept details 80,000 buildable SF, with average unit sizes of 402 SF, and an approximate 850 SF retail bay. The net leasable 58,000 SF of apartments. Across the street from Block 55 market rate and Sawyer's Walk (live local) rentals. Also 1 to 2 blocks to, Starbucks, Target, ALDI, as well as three (3) blocks to Publix, for all grocery needs. Rents in similar newly developed ‘Highland Park’ rental building with 100% parking reduction show rents at $4.64 to $4.81/SF/month.
Surrounded by hot spots like Kaseya Center, Frost Museum, PAMM, E11even, & Club Space and fashionable dining options like Habibi | Moroccan, Kiki on the River, SeaSpice, Casablanca, Garcias on the River, as well as the offerings at the Riverside Wharf. Downtown Miami is one block away and is ‘the’ thriving and growing neighborhood developers are hot to develop within surrounded by 522,000 + residents, 380,000 + daytime employees, and more than 50,000 + businesses within a five-mile radius.
Convenient direct access in and out of the area from I-95 entry/exits, Biscayne Blvd, the Port of Miami, as well as MacArthur Causeway access to the Beaches, Edgewater, & Brickell for the locals, tourists, and professionals interested in Downtown.