Miami, FL 33142
- $3,900,000
- List Price
- $3,900,000
- Days on Market
- 25
- MLS#
- A12049108
- Lot Size
- 34,000
- Subtype
- Unimproved Land
- County
- Miami-Dade
- Subdivision
- Melrose Heights 4th Sec
Property Description
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Additional Information
- Restrict
- CityRestrictions
- Taxes
- $34,774
- Utilities
- Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Trash Collection, Water Available
- Acres
- 0.77
- Elementary School
- Melrose
- Middle School
- Brownsville
- High School
- Miami Northwestern
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Listing courtesy of RE/MAX 360 Real Estate. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Agustin Duarte | Email: aduarte@magiccityinvestments.com