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Multi-Family

Little Havana Development With Income

1876 NW 7th St, Miami, FL 33125

Listing Price: $11,000,000

Lot Size
1.12 acres
Price/Acre
$9,778,776
Land Type
Land

Investment Overview

Marcus & Millichap is proud to present for sale a development opportunity with income, of three contiguous properties totaling 49,000 square feet of area located in the Miami neighborhood of Little Havana. This development opportunity is nestled within the lively enclave of Little Havana, renowned as one of Miami’s most coveted residential districts. Conveniently positioned just under a mile from the 836 Expressway, a mere 10-minute drive from Miami International Airport and walking distance to Marlins Stadium.
The trio of properties adhere to Miami 21 Code T6-8 O (Open) zoning regulations. This zoning designation permits the construction of multi-family buildings up to eight stories high without bonuses, with a maximum of 168 dwelling units. Together, the properties span 350 linear feet in length and 140 linear feet in depth.

Investment Highlights

  • Zoning Allows For 168 Units
  • 3 Years of Income Remaining On The Lease
  • Located On A Major Redevelopment Corridor
  • Strong Residential Demand
  • Continuous Rental Growth

Exclusively Listed By

Multi-Family

Little Havana Development With Income

Listing Price: $11,000,000

Lot Size
1.12 acres
Price/Acre
$9,778,776
Land Type
Land

Investment Highlights

  • Zoning Allows For 168 Units
  • 3 Years of Income Remaining On The Lease
  • Located On A Major Redevelopment Corridor
  • Strong Residential Demand
  • Continuous Rental Growth

Investment Overview

Marcus & Millichap is proud to present for sale a development opportunity with income, of three contiguous properties totaling 49,000 square feet of area located in the Miami neighborhood of Little Havana. This development opportunity is nestled within the lively enclave of Little Havana, renowned as one of Miami’s most coveted residential districts. Conveniently positioned just under a mile from the 836 Expressway, a mere 10-minute drive from Miami International Airport and walking distance to Marlins Stadium. The trio of properties adhere to Miami 21 Code T6-8 O (Open) zoning regulations. This zoning designation permits the construction of multi-family buildings up to eight stories high without bonuses, with a maximum of 168 dwelling units. Together, the properties span 350 linear feet in length and 140 linear feet in depth.

Exclusively Listed By

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