3099 NW 62nd St
Miami, FL 33147
Commerce de détail Propriété À vendre

Prime Covered Land Play with Redevelopment Upside
SELLER FINANCING AVAILABLE OPTIONS
3099 NW 62th Street presents an exceptional opportunity to acquire a strategically located property in the heart of Miami’s evolving urban core. This asset is the definition of a covered land play: a site that delivers immediate income today through its in-place tenant, while offering powerful redevelopment potential for the future under Miami-Dade’s BU-3 Business District zoning and the transformative Live Local Act (SB 102) framework.

Strategic Location & Visibility
The property is situated on a 7,800 SF corner lot fronting NW 62nd Street, a major corridor that carries over 19,300 vehicles per day. This strong visibility not only supports its current use as a body shop but also creates a highly attractive foundation for future mixed-use development with strong exposure.
Its proximity to the Metrorail station (just 0.5 miles away) further strengthens its redevelopment profile. Under the Live Local Act, proximity to public transit may allow for reduced parking requirements, lowering construction costs and increasing potential density.
The immediate area is experiencing rapid transformation, with investors, developers, and end-users targeting infill corridors that connect residents to transit, retail, and employment hubs. This site sits within that growth trajectory, offering a rare chance to capture upside at today’s pricing.

Zoning: BU-3 – Flexibility and Scale
The site is zoned BU-3 (Business District), one of the most versatile commercial zoning designations in Miami-Dade County.
• BU-3 zoning allows for a broad spectrum of commercial and retail uses, including service businesses, shops, and offices.
• When combined with the Live Local Act, BU-3 zoning takes on expanded potential, unlocking the possibility to incorporate significant residential density above ground-floor retail.
• This unique flexibility gives investors the ability to create a true mixed-use project: residential units that bring long-term income stability, combined with retail or service space that leverages the site’s corner visibility and traffic count.
Live Local Act – Development Advantage
The Florida SB 102 / Live Local Act was created to accelerate housing and mixed-use development across the state. For this property, the Live Local framework translates into:
• Density Unlock: The ability to develop approximately ±45 residential units above retail, subject to final site planning.
• Parking Relief: Because the site is within 0.5 miles of Metrorail, developers may qualify for reduced parking requirements, making projects more efficient and less costly.
• Mixed-Use Appeal: Developers can integrate residential density with retail frontage, creating an activated corner that adds vibrancy to the corridor.
The combination of BU-3 zoning and Live Local eligibility means that this property sits at the intersection of current demand for housing, policy-driven incentives, and market-driven opportunity.
Opportunity Zone Benefits
Adding further value, the site is located within a designated Opportunity Zone, providing investors with access to substantial tax incentives. For long-term holders and developers, this designation allows for:
• Deferral or reduction of capital gains taxes when proceeds are reinvested into the project.
• Potential elimination of taxes on appreciation if the asset is held for the required period.
• A financial framework that makes redevelopment not only viable but also highly tax-efficient.
Existing Improvements & In-Place Income
The property currently operates as a body shop, in business for over 10 years, ensuring stable interim cash flow while investors pursue entitlement, design, and financing for redevelopment.
• The 883 SF structure includes an office, bathroom, and garage.
• This building, while modest in size, provides essential functionality and income stability, ensuring that the land is working for the owner from day one.
• For developers, this means time to plan without carrying a vacant site.
Investment Highlights
• Address: 3099 NW 62th Street, Miami, FL 33147
• Lot Size: 7,800 SF (Corner Lot)
• Zoning: BU-3 – Eligible for Live Local Act Mixed-Use Redevelopment
• Density Potential: ±45 residential units above ground-floor retail (subject to site planning)
• Opportunity Zone: Attractive tax incentives for long-term investors
• Traffic Count: ±19,300 vehicles per day on NW 62nd Street
• Proximity: 0.5 miles to Metrorail station (reduced parking potential)
• Existing Improvements: 883 SF structure – office, bathroom, garage
• Current Use: Operating body shop (10+ years) – reliable in-place income

Why This Deal Works
This property represents everything investors and developers look for in an infill opportunity:
• Covered Land Income: Current tenant offsets carrying costs while redevelopment is planned.
• Zoning Power: BU-3 zoning + Live Local Act eligibility provides unmatched flexibility.
• Density Potential: Up to 45+ units + retail maximizes revenue per square foot.
• Transit-Oriented: Walking distance to Metrorail, making future housing more attractive.
• Tax Benefits: Opportunity Zone incentives enhance return profiles.
• Exposure: Corner lot with high traffic visibility ensures strong retail and residential demand.
Conclusion
3099 NW 62th Street is more than a parcel of land – it’s a gateway to creating value in Miami’s next wave of urban redevelopment. The combination of strategic location, zoning flexibility, Opportunity Zone incentives, Live Local density unlocks, and in-place income makes this one of the most compelling acquisitions currently available in the Miami market.
For developers, this is a canvas for a mixed-use project that will deliver both community impact and investor returns. For investors, it’s a long-term hold with immediate cash flow and extraordinary upside.
Seize the chance to own a property that offers income today, tax-advantaged growth tomorrow, and transformational potential for the future.
Contact me today for details and private tours.
Luisa Nicholls
Luisanichollscre@gmail.com
305.409.5313