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.

Overview

At a glance

Property Type

Land & Docks

Property Sub-Type

Unimproved Land

Address

, Miami, FL 33142

Zoning

6100

MLS ID

A11833062

Listing Date

2025-07-02

Last Updated

4/9/2026, 7:26:35 AM

Days on Market

344

Subdivision

MELROSE HEIGHTS 4TH SEC

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