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Retail

NORTH MIAMI DEVELOPMENT SITE

545 NE 125th St, North Miami, FL 33161

Listing Price: $6,300,000

Lot Size
1.34 acres
Price/Acre
$4,699,592
Land Type
Land

Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to present the North Miami Development Site. The site encompasses a 1.34-acre (58,394 SF) assemblage of land located just west of West Dixie Hwy, crossroads 125th Street & NE 6th Avenue in North Miami, Florida 33161. At the intersection alone, there are over 72,800 passing vehicles per day. The property is currently zoned C-3, which encourages Mixed-Use Development and the ability to go up ten stories or 110 feet. The site currently offers the opportunity to provide land uses such adult care, medical, workforce housing units, and multifamily. Specifically, this site falls within the Neighborhood Redevelopment Overlay District allowing for a developer to maximize their bonus provisions due to the assemblage frontage of NE 125th Street, allowing for a 100 dwelling units per acre. Some of the major employment centers and landmarks in the immediate area include William J Bryan Elementary school, Barry University, Mount Sinai Medical Center, Leon Medical Center, United States Postal Service, and many more. In addition, all the major thoroughfares surround the property’s neighborhood such as the I-95 expressway, Biscayne Boulevard to the East, and West Dixie Highway.

Investment Highlights

  • 1. Owner financing available
  • C-3 Zoning (Multifamily, Mixed-Use & Medical)
  • 134 Buildable Units as of Right
  • Signalized Intersection of NE 125th St, W. Dixie Hwy, and NE 6th Ave with over 70,000 Vehicles per Day
  • Population of over 480,000 in 5-Mile Radius
  • 1.34 Acres of Contiguous Land

Exclusively Listed By

Financing By

Retail

NORTH MIAMI DEVELOPMENT SITE

Listing Price: $6,300,000

Lot Size
1.34 acres
Price/Acre
$4,699,592
Land Type
Land

Investment Highlights

  • 1. Owner financing available
  • C-3 Zoning (Multifamily, Mixed-Use & Medical)
  • 134 Buildable Units as of Right
  • Signalized Intersection of NE 125th St, W. Dixie Hwy, and NE 6th Ave with over 70,000 Vehicles per Day
  • Population of over 480,000 in 5-Mile Radius
  • 1.34 Acres of Contiguous Land

Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to present the North Miami Development Site. The site encompasses a 1.34-acre (58,394 SF) assemblage of land located just west of West Dixie Hwy, crossroads 125th Street & NE 6th Avenue in North Miami, Florida 33161. At the intersection alone, there are over 72,800 passing vehicles per day. The property is currently zoned C-3, which encourages Mixed-Use Development and the ability to go up ten stories or 110 feet. The site currently offers the opportunity to provide land uses such adult care, medical, workforce housing units, and multifamily. Specifically, this site falls within the Neighborhood Redevelopment Overlay District allowing for a developer to maximize their bonus provisions due to the assemblage frontage of NE 125th Street, allowing for a 100 dwelling units per acre. Some of the major employment centers and landmarks in the immediate area include William J Bryan Elementary school, Barry University, Mount Sinai Medical Center, Leon Medical Center, United States Postal Service, and many more. In addition, all the major thoroughfares surround the property’s neighborhood such as the I-95 expressway, Biscayne Boulevard to the East, and West Dixie Highway.

Exclusively Listed By

Financing By

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