NW 62 Street - Commercial Land
Commercial Land | 18,697 SF | PPSF on Land: $64
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire a prime development asset
located at 3105 Northwest 62nd Street in Miami, FL. Positioned at a strategic signalized intersection, this 18,697-square-foot vacant land parcel is exposed to a combined traffic count of 42,800 vehicles per day.
This exceptional development site is offered at an asking price of $1,195,000, which equates to an attractive land value of $64 per square foot. Operating under a BU-2 zoning classification, the subject property provides significant flexibility for a variety of commercial development opportunities, maximizing its long-term value potential.
The parcel provides 18,697 square feet of developable area, presenting a blank canvas for investors or owner-users to capitalize on Miami's dynamic commercial real estate market. Identified by parcel number 30-3116-000-0266, the site benefits from its prominent positioning, ensuring maximum visibility and accessibility for future development projects.
Miami continues to be one of the most sought-after development markets in the United States, driven by robust economic growth and sustained commercial demand. The acquisition of this BU-2 zoned parcel offers a rare opportunity to secure a strategic footprint in a high-traffic corridor. With its compelling price point and excellent exposure to over 42,800 vehicles daily, 3105 Northwest 62nd Street stands out as a premier land investment positioned for immediate development and long-term success.
Investment highlights
- Offered at $1,195,000 ($64 PSF), the asset provides a compelling land basis relative to Miami infill land values, supporting both developer and end-user exit strategies.
- Offered at $1,195,000 ($64 PSF), the asset provides a compelling land basis relative to Miami infill land values, supporting both developer and end-user exit strategies.
- Located in a mature Miami trade area with ongoing commercial activity and steady redevelopment momentum. The surrounding area continues to experience gradual infill, reinforcing long-term corridor fundamentals.
- The low land basis relative to Miami's development cost structure creates embedded upside for future stabilized yield expansion upon completion of a build-out or repositioning strategy.
- The low land basis relative to Miami's development cost structure creates embedded upside for future stabilized yield expansion upon completion of a build-out or repositioning strategy.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
