Highlights
- T5-O zoning: up to 5 stories by right
- Oversized 12,500 SF lot (100 x 125 ft)
- Three commercial buildings totaling 5,884 SF
- Multifamily up to 18 units (65 units/acre)
- 22,500 AADT traffic count
- Near $3B Little River District and Magic City Innovation District
- $100/SF land | $212/SF building
About this property
Fontana Real Estate is pleased to exclusively present 1385 NW 54th Street, a covered-land and redevelopment opportunity in Miami, Florida. The property consists of three commercial buildings totaling 5,884 SF on an oversized 12,500 SF lot (100 x 125 ft), zoned T5-O.
T5-O is one of Miami's most flexible zoning designations, allowing up to 5 stories by right. Permitted uses include multifamily (up to 65 units/acre, or 18 units on this site), hotel, office, retail, restaurant, entertainment, and live-work.
The existing improvements offer flexibility while an investor plans and permits a new project. The property fronts NW 54th Street, which averages approximately 22,500 vehicles per day, and is positioned near one of Miami's most active redevelopment areas. Nearby projects include the $3B Little River District, the Magic City Innovation District in Little Haiti, and The Hue Hub in West Little River.
Asking price: $1,250,000 ($100/SF land, $212/SF building). Folio 01-3114-041-0530.
Contact Jenni Fontana at (954) 892-3331 or [email protected] for the full offering memorandum.
Property details
- Property Type
- Improved property
- Building Type
- Mixed Use
- Building Size
- 5,884 sqft
- Land Size
- 12,500 sqft
- Zoning
- T5-O
- Folio
- 01-3114-041-0530
- Land Use
- Mixed Use — Store/Residential (Commercial)
- Max Height
- 5 Stories By Right
- Max Density
- 65 Units/Acre (18 Units)
- Traffic Count
- 22,500 AADT
- Lot Dimensions
- 100 ft × 125 ft
- Number Of Buildings
- 3
Location
- Address
-
1385 Northwest 54th Street
Miami, FL 33142