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Mixed-Use

Summit 5711

5711 NW 2nd St, Miami, FL 33126

Listing Price: $1,300,000

Lot Size
0.34 acres
Price/Acre
$3,872,530
Land Type
Redevelopment
Buildable Square Feet
14,623

Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to offer for sale a .34 acre redevelopment site located in the heart of Miami, Florida within the West Airport submarket. Miami International Airport and Blue Lagoon Office Park are literally five blocks to the north and offer immediate access to a massive employment base. The site, which sits directly on the NWC corner of NW 2nd Street and NW 57th Avenue, has an average daily car count of over 21,000 vehicles per day. Although the site currently has two revenue generating duplex buildings, it is zoned T5-L and allows by right 65-units per acre or a total of 21 buildable units. The surrounding area is comprised of mostly older single-family and multifamily buildings and is considered one of the strongest workforce housing rental markets in Miami-Dade County because of its incredible economic drivers. Furthermore, there is immediate access to the Dolphin Expressway and the Palmetto Expressway.

Summit 5711 offers a developer the ability to acquire and very desirable residential development site in a submarket with a scarcity of vacant land and that has had minimal new residential construction. Additionally, the property offers an excellent opportunity for an investor to acquire and continue to operate the property as a rental property and develop the site at a future date.

Investment Highlights

  • Redevelopment Opportunity
  • Concrete Block Construction (Existing Buildings)
  • Off-Street Parking
  • Great Unit Mix of One and Two Bedroom Units
  • Frontage to 57th Avenue
  • T5-L Zoning ( 65 Units per Acre)

Exclusively Listed By

Listing Price: $1,300,000

Lot Size
0.34 acres
Price/Acre
$3,872,530
Land Type
Redevelopment
Buildable Square Feet
14,623

Investment Highlights

  • Redevelopment Opportunity
  • Concrete Block Construction (Existing Buildings)
  • Off-Street Parking
  • Great Unit Mix of One and Two Bedroom Units
  • Frontage to 57th Avenue
  • T5-L Zoning ( 65 Units per Acre)

Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to offer for sale a .34 acre redevelopment site located in the heart of Miami, Florida within the West Airport submarket. Miami International Airport and Blue Lagoon Office Park are literally five blocks to the north and offer immediate access to a massive employment base. The site, which sits directly on the NWC corner of NW 2nd Street and NW 57th Avenue, has an average daily car count of over 21,000 vehicles per day. Although the site currently has two revenue generating duplex buildings, it is zoned T5-L and allows by right 65-units per acre or a total of 21 buildable units. The surrounding area is comprised of mostly older single-family and multifamily buildings and is considered one of the strongest workforce housing rental markets in Miami-Dade County because of its incredible economic drivers. Furthermore, there is immediate access to the Dolphin Expressway and the Palmetto Expressway.

Summit 5711 offers a developer the ability to acquire and very desirable residential development site in a submarket with a scarcity of vacant land and that has had minimal new residential construction. Additionally, the property offers an excellent opportunity for an investor to acquire and continue to operate the property as a rental property and develop the site at a future date.

Exclusively Listed By

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