Prime Development Opportunity with Existing Income Exceptional opportunity to acquire a 24,480 SF development site in one of Miami’s fastest-growing corridors. Located directly on Biscayne Blvd, this property offers high visibility, strong traffic exposure, and significant upside potential. The site is currently home to the well-known “Jimmy’s” restaurant, a recognized local landmark, providing immediate presence and potential holding income while planning redevelopment. Zoning: Dual zoning T5-O & T3-L Development Potential: Approx. 36 residential units (subject to setbacks and regulations) Height Allowance: Up to 3 stories / 40 ft (principal structure) Ancillary Structures: Up to 2 stories, not exceeding main building height Density & FAR: No traditional limits applied Use: Mixed-use development permitted Miami 21 zoning (Article 4, Table 3) allows a wide range of uses including residential, retail, office, and hospitality making this site ideal for a boutique mixed-use project or residential development. Strategically positioned in a rapidly evolving area with ongoing growth and redevelopment, this property offers a rare combination of location, flexibility, and income in place.
Lot Size
24480 sqft
Property Type
Commercial Land
MLS#
457515098
Area
Belle Meade
Days on Market
46
Listing courtesy of I Home Miami
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 6/11/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.