Miami Land for Sale
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.
The existing improvements — a fully renovated 4-plex and designer-finished single-family residence — generate immediate and highly flexible cash flow while a buyer executes entitlement strategy, making carrying costs a non-issue during the hold period.
DEVELOPMENT POTENTIAL
By-right T5-O zoning supports up to 19 units / 5 stories with no additional approvals. Live Local Act eligibility unlocks a transformational density bonus — up to 292 units / 8–12 stories / 459,000 BSF at FAR 36 — to depict the most aggressive possible upside scenario. The site additionally qualifies as an Opportunity Zone investment, providing meaningful tax structuring advantages for long-term redevelopment plays.
The property's adjacency to the T6-8-O boundary is a critical distinction: as the surrounding block continues to densify — with CEDARst Little River under construction, Little River Plaza delivering 250 micro-units, River Haus in planning, and multiple proposed future projects in the immediate vicinity (i.e. 8038 NE 2nd Ave seeking 454 units across 20 stories, new development on both contiguous parcels to this property including workforce housing and spec. office, with boutique luxury condo project in planning just across the street — this parcel sits directly in the path of capital).
THE COVERED-LAND ADVANTAGE
While the land itself is the asset, the existing structures are no liability. The two-parcel compound arrives fully renovated, designer-furnished, and operating as a high-performing short-term rental — 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 (i.e. as a wellness or education concept on a master lease--both typologies which have expressed serious interest). The dual-structure configuration also supports interim creative, office, or specialty-use activation consistent with Little River's cultural identity, further anchoring visibility and foot traffic during any pre-development hold.
Estimated pro-forma on either a traditional rental model, short-term rental operation, or master-lease provide for approximately 5.5%-6% estimated cap rate without any additional capital expenditure needed. This is the rare instance where the deal pencils as a long-term development play AND an income play.
WHY LITTLE RIVER, WHY NOW
Little River is no longer emerging — it is arrived. The Citadel has established the neighborhood as Miami's premier culinary and cultural destination. Institutional developers have all committed capital within blocks of this site. NE 2nd Avenue is evolving into a true mixed-use spine, and the 79th Street Corridor continues to attract density-forward projects that are fundamentally repricing land values across the submarket. For developers bullish on Little River multifamily, Live Local Act redevelopment, and Miami Opportunity Zone strategy — this is the assemblage the market has been waiting for.
