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Prime North Miami Development Opportunity with 17-Unit Potential
Marketing description
Exceptional multifamily development opportunity in North Miami Beach. This 15,000 SF vacant parcel is located within a Qualified Opportunity Zone and offers the potential for a 17-unit residential development consisting of one-bedroom apartments. Situated in a growing submarket with strong rental demand, the property provides developers and investors with a rare infill opportunity in Miami-Dade County. The site is currently vacant with no existing structures, reducing redevelopment costs and streamlining the development process. Conveniently located near major transportation corridors, employment centers, retail destinations, and Aventura, this property is well-positioned to capitalize on the area's continued growth and housing demand. Opportunity Zone designation may provide attractive tax advantages for qualified investors. Buyer to independently verify zoning, density, approvals, and development potential.
Investment highlights
- Qualified Opportunity Zone Location
- Potential for 17 Residential Units
- 15,000 SF (0.34 Acres) Development Site
- Vacant Land – No Existing Structures
- High-Demand Rental Market
- Multifamily Development Opportunity
- Strong Population and Employment Growth
- Close to Major Transportation Corridors
- Near Retail, Schools, and Employment Centers
- FEMA Flood Zone X
- Prime North Miami Beach Location
- Potential Opportunity Zone Tax Benefits
- Limited Multifamily Land Availability in Submarket
- Development-Friendly Site with Strong Upside
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