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SW 272 ST - Naranja Village-Development site 3.38 Acres of Commercial Land Offered at $4,540,206 CAD in Naranja, FL 33032
Investment Highlights
- Lowest price-peer-acre opportunities in the South Miami Market
- Under the Live Local Act the site may qualify for a density increase of up to 90 units subject to verification with the program
- Seller in process of getting ASPR approval for a 66-unit graden-style multifamily project with surface parking
Executive Summary
Property Facts
| Price | $4,540,206 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 3.38 AC |
| Property Type | Land | Cross Streets | SW 140 AV |
| Zoning | 3050 UC R-Edge - The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. | ||
| Price | $4,540,206 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 3.38 AC |
| Cross Streets | SW 140 AV |
| Zoning | 3050 UC R-Edge - The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. |
1 Lot Available
Lot 3
| Price | $4,540,206 CAD | Lot Size | 3.38 AC |
| Price Per AC | $1,343,256.25 CAD |
| Price | $4,540,206 CAD |
| Price Per AC | $1,343,256.25 CAD |
| Lot Size | 3.38 AC |
The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7
Description
Opportunity: Compass FL presents a premier development opportunity for a garden-style multifamily community in the rapidly growing Naranja Lakes submarket of South Miami-Dade. Site Details: - Total Size: 3.38 acres (3 folios) - Zoning: R-EDGE (18 units per acre) - Allowable FAR: 3.7 - Current Plan: ASPR approvals in process for 66 units - Potential Expansion: Up to 90 units under the Live Local Act (subject to eligibility and compliance) Value Proposition: - Offered at one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market - Strong demand drivers from population growth, affordable housing needs, and major nearby developments - Adjacent to a canal, providing a natural buffer and design flexibility Location Advantages: - Directly across from a school - Convenient access to US-1, Florida Turnpike, public transit, and major commercial corridors - Surrounded by ongoing public and private investments fueling growth Market Context: - Naranja is a rapidly developing submarket with significant residential and commercial expansion - Affordable housing demand continues to rise, supported by strong demographic trends - Strategic location within South Miami-Dade ensures long-term value creation
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $348,894 CAD |
Property Taxes
Presented by
SW 272 ST - Naranja Village-Development site
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