Covered Land / Redevelopment Opportunity | T5-O | 12,500 SF

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.