1441 NW 79 ST
Mid-Construction Infill Site
Marketing description
THE ALPHA COMMERCIAL ADVISORS™ PRESENTS AN INFILL REDEVELOPMENT OPPORTUNITY ALONG MIAMI’S EMERGING NW 79TH STREET CORRIDOR.
Located just east of the area’s largest Live Local–entitled projects, this compact 0.16-acre site sits within the North Central Urban Area District and within a Qualified Opportunity Zone. Plus, the site’s Live Local–eligibility offers multiple pathways to value creation. By right, the property supports 14 residential units (depending on workforce housing inclusion), with Live Local density provisions allowing up to 47.
Currently on-site is the early shell of a 780 Sq. Ft. retail building—an unfinished structure that could either be adapted, expanded, or cleared for a new multifamily program. Surrounded by large-scale projects from Swerdlow, Lennar, and Related, this site represents a rare, small-format play in a fast-advancing development corridor where land is being rapidly absorbed by institutional builders.
Investment highlights
- Infill Opportunity: Compact redevelopment site positioned two blocks from major Live Local–approved projects on NW 79th Street and surrounded by thousands of pipeline units.
- Flexible Paths to Value: Existing 780 Sq. Ft. retail shell offers optionality—resume or rework plans for retail, or reposition for new residential density.
- Live Local + Opportunity Zone: Dual eligibility provides access to bonus density, reduced parking and long-term tax incentives—up to 47 units possible.
- Transformative Corridor: Within the North Central Urban Area District, an active growth zone west of I-95 seeing record-level investment from top-tier developers.
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