Mixed-Use
Little Havana | SW 7th Street Corner Development Site
645 SW 16th Ave, Miami, FL 33135
Listing Price: $1,400,000
Investment Overview
Marcus & Millichap is pleased to present the sale of 645 SW 16 AVE, Miami, FL 33130. The Parcel Located on a 9,863 SF lot with T5-O zoning, the property allows for five stories at 65 units per acre, supporting 14 residential units or 28 hotel keys as-of-right, with additional density possible under the Live Local Act.
The Subject sits just one block from the most active stretch of Little Havana, which attracts roughly 3 million tourists annually between SW 17th and SW 12th Avenues, and is steps from iconic destinations such as Ball & Chain and Domino Park. The site is also just 1.5 miles from Brickell, Miami’s financial district, an area with a median household income above $129,000 and some of the highest employment density in the Southeast.
Surrounded by one of Miami-Dade County’s most densely populated neighborhoods—Little Havana, , which attracts an estimated 3 million tourists annually, over 60,000 residents within one mile and more than 300,000 within three miles—the property benefits from Little Havana’s remarkably tight multifamily market, where vacancy remains around 3% amid limited new construction and steady renter demand.
Little Havana | SW 7th Street Corner Development Site
Investment Highlights
- 9,863 SF lot with T5-O zoning, enabling 5-stories in height at 65 units per acre, supporting 14 residential units or28 hotel keys as-of-right, with additional density possible under the Live Local Act
- Situated just one block from the most active and sought-after stretch of Little Havana, which attracts an estimated 3 million tourists annually between SW 17th Avenue and SW 12th Avenue.
- Steps from Calle Ocho's iconic destinations, including the world-famous Ball & Chain nightclub and Domino Park, two of Miami's top cultural landmarks.
- Just 1.5 miles from Brickell, Miami's financial district, featuring a median household income exceeding $129,000 and some of the highest employment density in the Southeast.
- Located in one of Miami-Dade County's most densely populated neighborhoods, with over 60,000 residents within a 1-mile radius and more than 300,000 residents within a 3-mile radius.
- Little Havana remains one of Miami's tightest multifamily submarkets, with a vacancy rate hovering around 3%. Limited new construction and sustained renter demand make it one of the strongest multifamily markets in Miami-Dade County.
Exclusively Listed By
Listing Price: $1,400,000
Investment Highlights
- 9,863 SF lot with T5-O zoning, enabling 5-stories in height at 65 units per acre, supporting 14 residential units or28 hotel keys as-of-right, with additional density possible under the Live Local Act
- Situated just one block from the most active and sought-after stretch of Little Havana, which attracts an estimated 3 million tourists annually between SW 17th Avenue and SW 12th Avenue.
- Steps from Calle Ocho's iconic destinations, including the world-famous Ball & Chain nightclub and Domino Park, two of Miami's top cultural landmarks.
- Just 1.5 miles from Brickell, Miami's financial district, featuring a median household income exceeding $129,000 and some of the highest employment density in the Southeast.
- Located in one of Miami-Dade County's most densely populated neighborhoods, with over 60,000 residents within a 1-mile radius and more than 300,000 residents within a 3-mile radius.
- Little Havana remains one of Miami's tightest multifamily submarkets, with a vacancy rate hovering around 3%. Limited new construction and sustained renter demand make it one of the strongest multifamily markets in Miami-Dade County.
Investment Overview
Marcus & Millichap is pleased to present the sale of 645 SW 16 AVE, Miami, FL 33130. The Parcel Located on a 9,863 SF lot with T5-O zoning, the property allows for five stories at 65 units per acre, supporting 14 residential units or 28 hotel keys as-of-right, with additional density possible under the Live Local Act. The Subject sits just one block from the most active stretch of Little Havana, which attracts roughly 3 million tourists annually between SW 17th and SW 12th Avenues, and is steps from iconic destinations such as Ball & Chain and Domino Park. The site is also just 1.5 miles from Brickell, Miami’s financial district, an area with a median household income above $129,000 and some of the highest employment density in the Southeast. Surrounded by one of Miami-Dade County’s most densely populated neighborhoods—Little Havana, , which attracts an estimated 3 million tourists annually, over 60,000 residents within one mile and more than 300,000 within three miles—the property benefits from Little Havana’s remarkably tight multifamily market, where vacancy remains around 3% amid limited new construction and steady renter demand.
Exclusively Listed By
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