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$ 10,000,000
Est. payment /mo
Active
1234 NW 9th Ave Miami, FL 33136
2,395 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Highland Park
MLS Listing ID A11991641
HOA Y/N No
Annual Tax Amount $196,652
Tax Year 2025
Lot Size 2,395 Sqft
Acres 0.055
Lot Dimensions 120x200
Property Description
This offering presents a rare opportunity to acquire a 5-parcel income-producing portfolio in Miami's 33136 corridor, with both current cash flow and future redevelopment potential. The portfolio includes five parcels, with a known in-place rent roll of approximately $13,500 per month, and a pro forma projection of roughly $28,000 per month, highlighting meaningful upside through lease-up, repositioning, and redevelopment. The three-parcel assemblage totals approximately 24,000 square feet, or 0.55 acres, and is positioned for significant density potential, with an estimated 82 units as-of-right and a theoretical Live Local capacity of up to 550 units, subject to buyer verification. The zoning mix includes primarily T6-8-L, with one parcel identified as T6-8-O, creating flexibility for a buyer seeking a covered land play with income during the planning phase. Located within TOD and RTZ areas, this portfolio benefits from strong urban infill fundamentals in one of Miami's most active growth corridors. For an investor or developer, this is not just a stabilized income opportunity, but a strategic assemblage with scale, location, and long-term redevelopment leverage.
Location
State FL
County Miami-dade
Community Highland Park
Area 31
Exterior
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Present Use Other
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-35-019-2230
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11991641
Listed by Guillen
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