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19186930
19186931

1801 NE 4th Ave, Miami, FL 33132

AP
FL 3160379
Porosoff Group
Listed by Porosoff Group
$15,750,000
815 days on market
Updated 10 days ago

322-Unit Development Site

Details
APN 01-3231-037-0010
Property Type Multifamily
Sub Type 18-Unit Covered Land Play, Redevelopment Site
Net Rentable (SqFt) 12,561
Units 18
Occupancy 100%
Class B
Year Built 1974
Buildings 1
Stories 5
Acreage 0.320
Zoning T6-36A-L
Investment Type Redevelopment

18-Unit Covered Land Play

Marketing description

Nestled in the heart of Miami’s vibrant landscape, 1801 NE 4th Avenue stands as a testament to unparalleled opportunity. Spanning across a generous 14,088 Sq. Ft. lot, this property boasts 18 units and is graced by a zoning status of T6-36A-L, a gateway to high-rise development and short-term hospitality in the illustrious Miami-21 zoning landscape. The site is located in a Transit Oriented District. Thus, there are no parking requirements for micro units 400 Sq Ft or smaller.

Situated within the dynamic confines of the OMNI CRA, this gem carries a zoning underlay that beckons as per right : in concerto with Live Local, the ability to build 322 micro units, with no parking requirements, 60% Market rate and 40% affordable to tenants earning up to 120% of the Area Median Income (AMI). In this case - $2126 max for studios. Coming out to $5.50/Sq Ft in rent.

Surrounded by esteemed neighbors like Opera Tower, 1800 Club, Quantum on the Bay, and across from the ARIA Reserve , blocks from David Grutmans newest restaurant and all the excitement with the new Edition hotel and residences. This is a truly amazing irreplaceable location.

A beacon for boutique condo development or a haven for hospitality ventures, this property’s proximity to Midtown, Wynwood, and the Design District further elevates its allure. Its strategic placement not only promises a premium living experience but also tantalizes with the prospect of stunning water views. In essence, this address is a canvas for a visionary developer to craft an iconic chapter in Miami’s skyline, merging luxury, location, and limitless possibilities

Investment highlights

-Opportunity to redevelop the site with 322 micro-units with no parking requirement

-18-Unit occupied covered-land play

-Prime Location

-Steps from Biscayne Bay & Margaret Pace Park

Listing Contacts

AP
FL 3160379
Porosoff Group
Listed by Porosoff Group

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Additional Information

Name
Arthur Porosoff
License
3160379
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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