$3,900,000
ActiveFor Sale 0 days on market
$3,900,000
Melrose Heights 4th Sec, Miami, FL
Commercial Land34000 sqft
Property Details
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Facts & Features
Exterior & Construction
Lot Size
34000 sqft
Listing Details
Property Type
Commercial Land
MLS#
526314191
Area
Melrose Heights 4th Sec
Days on Market
0
Listing courtesy of RE/MAX 360 Real Estate
This listing was last updated in the MLS on July 7, 2026.
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated July 7, 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®.
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