8270-8280 NE 1st Pl - Little River Covered Land Assemblage 0.29 Acres of Commercial Land Offered at $3,635,920 CAD in Miami, FL 33138

THE ALPHA COMMERCIAL ADVISORS® PRESENTS A COVERED-LAND ASSEMBLAGE AT THE EPICENTER OF LITTLE RIVER'S REDEVELOPMENT SURGE — WHERE ZONING UPSIDE, LIVE LOCAL DENSITY, AND WALK-TO-THE-CITADEL POSITIONING CONVERGE.
Situated on 12,750 SF (0.29 acres) across two contiguous T5-O zoned parcels in the heart of Little River's most active development corridor, 8270–8280 NE 1st Place represents a textbook covered-land acquisition: income-producing today, irreplaceable tomorrow. Adjacent to The Citadel and directly along the border of the T6-8-O zoning district, this assemblage sits at the leading edge of one of Miami's highest-conviction redevelopment plays — surrounded by active construction, approved projects, and institutional capital deploying at scale across the 79th Street Corridor and NE 2nd Avenue Uptown District sub-market.
Offering a beautifully re-imagined and absolutely turn-key 4-plex + single-family residence delivered renovated and designer-furnished, this is the ideal play for long-term multifamily investors seeking an operation-ready rental compound with re-development upside for a commercial or mixed-use project, or adaptive re-use program in the near-term ahead of redevelopment. Already commanding premium market rents due to the high quality finishes, fully-furnished units and spacious, even luxurious grounds and desirably situated in direct walkable adjacency to The Citadel, dining and shopping, this property provides investors a rare set of conditions that secure rentability in the long-term compared to aging existing market rental inventory in the Little River neighborhood.
The existing improvement -- a fully renovated fourplex, features three (3) 2-bedroom / 1-bath units and one sizable (1) 1-BR / 1-Bath unit, each showcasing its own unique design theme, and beautifully restored with high-end finishes and meticulous design details.
Historically operated as short-term rentals, this meticulously maintained two-parcel rental compound is half-way to stabilization with two of four 4-plex units newly leased at $2,900/month—with straightforward lease-up remaining on the SFR and final unit. One unit in the fourplex has not been renovated as it is occupied by long-term annual tenant. With zero additional CapX requirements needed, the property is well on its way from a pro-forma, to an in-place 5.8% CAP or better -- an attractive return for covered land in a premiere location considering the amount of improvements compared to the lot size.
Plus -- underlying T5-O commercial zoning provides rare optionality for maximizing investment potential and is suitable for:
--Multi-family investors & short-term rental operators seeking a plug-and-play rental hub in the most walkable pocket to F&B and retail
--Specialty-use or institutional operators (school, wellness, design collective, etc.) seeking beautiful grounds and multiple structures
--Bullish covered-land buyers holding for future redevelopment—by-right potential for 19 units / 5 stories, or up to 292 units / 8–12 stories under Live Local Act incentives
INVESTMENT HIGHLIGHTS:
-Proven Path to a +/- 6% CAP return with zero capX requirements
-Investor-friendly, with the single-family residence currently vacant, investment-minded buyer may opt to live in the house (or utilize it as an office location) and rent the fourplex, allowing for easy on-site management and opening the door for better financing options
-Building recertifications up-to-date for hassle-free investment
-Turn-Key Income Producer: Fully renovated with cohesive, high-end designer-curated interiors that command premium rates—ideal for immediate operation as Airbnb, boutique hospitality, or long-term rentals.
-Operational Versatility: Dual-structure configuration allows income diversification via office or creative use within the SFR alongside income generation from the modernized 4-plex, supporting multiple investment approaches.
-Prime Walkable Location: Steps from The Citadel–the culinary anchor of Little River– and surrounded by cafés, cultural establishments, art studios, chef-owned restaurants, and neighborhood retail.
-Flexible Zoning & Future Development Upside: With T5-O zoning, Opportunity Zone benefits, and Live Local Act eligibility, the assemblage offers exceptional flexibility for future
redevelopment and long-term value momentum.
ZONING AND DEVELOPMENT POTENTIAL
Located within a burgeoning section of Little River, the subject assemblage is zoned T5-O allowing for a diverse mix of multifamily, mixed-use, and commercial uses as office, retail, and more. Critically, the property's commercial zoning allows for 65 du/acre (equal to 19 units by-right on this site) and also qualifies under the Live Local Act which would allow for essentially unlimited density and thanks to its direct adjacency to the T6-8-O zoning district— re-development under LLA would allow for up to 8-12 stories of height compared to the 5 stories currently allowed by-right.
This adjacency places the site in immediate proximity to multiple large-scale projects slated for delivery in the coming cycles, positioning the site at the leading edge of Little River’s next development wave, with re-development already in full swing directly contiguous to the site.
While the land itself is an asset, the existing structures are no liability, providing a cash-flowing bridge between acquisition and groundbreaking while still offering ultimate optionality for buyer to re-purpose as an adaptive re-use play in the interim.
PROPERTY HIGHLIGHTS
--Two modern, meticulously maintained buildings
--Fully furnished units with upscale finishes and unique design themes
--Granite countertops, stainless steel appliances, in-unit laundry
--Fourplex equipped with new mini-splits & SFR features central AC
--Impact windows and doors throughout
--Fully gated properties with updated exterior lighting
--Professionally landscaped grounds with furnished outdoor areas
--Ample onsite parking and nearby public parking lot