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NW Corner Ali Baba Avenue 0.98 Acres of Commercial Land Offered at $2,559,568 CAD in Opa Locka, FL 33054
Investment Highlights
- ±0.976-AC signalized hard corner at the Opa-Locka Innovation District gateway
- Max FAR 3.0 — 127,593 SF buildable
- Four entitlement layers stack on one parcel: B-2 zoning + CMUO overlay + OLID (Ord. 2022-08) + Live Local optionality
- Up to 146 residential units by-right
Executive Summary
Priced at $1,850,000 — $43.50/SF land and ~$12,671 per buildable unit — below every confirmed corridor land sale of the trailing 18 months, each carrying inferior, single-use entitlements.
Property Facts
| Price | $2,559,568 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.98 AC |
| No. Lots | 1 | Cross Streets | NW 22nd Street |
| Property Type | Land | ||
| Zoning | B-2 - B-2 (Business) CMHO Mixed use overlay Opa Locka Innovation District | ||
| Price | $2,559,568 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.98 AC |
| Cross Streets | NW 22nd Street |
| Zoning | B-2 - B-2 (Business) CMHO Mixed use overlay Opa Locka Innovation District |
1 Lot Available
Lot
| Price | $2,559,568 CAD | Lot Size | 0.98 AC |
| Price Per AC | $2,621,495.17 CAD |
| Price | $2,559,568 CAD |
| Price Per AC | $2,621,495.17 CAD |
| Lot Size | 0.98 AC |
±0.976-AC signalized hard corner at the Opa-Locka Innovation District gateway. B-2 zoning + CMUO overlay + OLID. Max FAR 3.0 (127,593 SF buildable); 146 units by-right, up to 6 stories. ±900 LF frontage on 3 sides. $1,850,000 / $43.50 PSF land.
Description
Located at the northwest corner of Ali Baba Avenue and NW 22nd Avenue, this ±0.976-acre (42,531 SF) parcel is a signalized hard corner positioned at the southeast gateway of the Opa-Locka Innovation District — one of the last meaningful infill development sites in Miami-Dade's tier-one industrial submarket. The site offers ±900 linear feet of frontage across three sides, providing exceptional visibility and access. The property's value lies in its layered entitlements: B-2 Commercial Liberal zoning, the CMUO mixed-use overlay, and the OLID (Ord. 2022-08) combine to deliver a Max FAR of 3.0 — 127,593 SF of buildable area — and up to 146 residential units by-right at a density of 150 du/ac. Vertical development rises to 6 stories by-right, up to 8 with bonuses, beneath a 158' FAA height cap. Live Local Act optionality provides an additional path for workforce housing. The parcel is vacant and cleared. Commission-approved Medical, Education, and Office site plans are already on file as development precedent.
Property Taxes
| Parcel Number | 08-2122-025-0270 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,471,094 CAD | Total Assessment | $1,471,094 CAD |
Property Taxes
Presented by
NW Corner Ali Baba Avenue
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