3 Locations

ONE Commercial Real Estate is pleased to present a prime 1.63-acre mixed-use development site in Miami, Florida. This exceptional opportunity features 244 buildable units as-of-right, positioned in one of South Florida's most dynamic markets. The property consists of three consolidated parcels totaling 71,088 square feet, zoned T6-8-O (Urban Core Zone), allowing for the highest density and greatest variety of uses.

Located in the Allapattah neighborhood, the site benefits from exceptional visibility with high traffic counts exceeding 100,000 AADT on nearby corridors. The property is strategically positioned near Miami International Airport, Downtown Miami, Wynwood, and the Design District, placing it at the heart of Miami's transformation. The surrounding area has experienced unprecedented growth, with major multifamily developments including Legacy at 36th Street (266 units, built 2024), Pinnacle Plaza (132 units), and Pinnacle Heights (109 units) demonstrating strong demand.

Miami's multifamily market continues to show resilience with strong fundamentals. The region has experienced significant wealth influx, employment growth outpacing national averages, and sustained demand from high-paying office job creation. Within a 5-mile radius, the market shows healthy absorption, strong rent performance, and active investment activity totaling $1.6 billion over the past 12 months. This site represents an excellent opportunity for developers seeking to capitalize on Miami's continued growth trajectory.