

111 NW 77th St & 7722 NW 1st Ave Assemblage
±0.48-Acre T5-R Assemblage in Little River | Opportunity Zone | Covered-Land Upside
Marketing description
A contiguous ±0.48-acre development assemblage (20,776 SF across two adjoining parcels under common ownership) is available as a single sale at $2,300,000 in Little River, Miami’s most active redevelopment corridor and a federally designated Opportunity Zone. The offering anchors a hard corner at NW 1st Avenue and NW 77th Street.
T5-R zoning delivers up to 31 units by right within a five-story envelope. Because the by-right density uses only part of that envelope, the corner is a natural candidate for a density-increasing play through a TSND petition or a rezoning, with a possible parking reduction by Exception given transit proximity. Buyers are invited to underwrite the upside on their own terms.
With two existing structures in place, the assemblage lends itself to a covered-land approach: control the corner and carry it while a future project is designed, finalized, and permitted. Priced near $111 per land SF, a discount to recent Little River land trades, and positioned steps from the $3 billion Little River District, the FEC rail corridor, Wynwood, and the Design District.
Investment highlights
- $2,300,000 single-sale assemblage: ±0.48 acre / 20,776 SF, two contiguous parcels, common ownership
- Approximately $111 per land SF, a discount to recent Little River development-site pricing
- T5-R: up to 31 units by right; five-story envelope only partially utilized
- Covered-land optionality while entitling and permitting a future development
- Density upside via TSND petition or rezoning; potential parking reduction by Exception near transit
- Opportunity Zone tax benefits for qualifying capital
- FEC corridor and Northeast SMART transit corridor location; minutes to Wynwood, Design District, MiMo
- Adjacent to the $3 billion Little River District; build-ready corner with no assembly risk
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