LITTLE RIVER TOWNHOME ENCLAVE

Highlights

• The subject property is a one-parcel lot. The site has approximately 52ft frontage on NE 1 Ave East to West and close to 95 ft deep.
• PROPERTY HIGHLIGHTS
• * 0.11 AC Lot
• *4,750 SF Lot
• * T-5, R zoning (2) buildable units: $475,000.00
• *Entire Assemblage: $3,011,600.00

Description

The properties consist of four vacant lots ( 0131130000370, 0131130630110, 0131130560090 ) , "Little River " subdivision of Miami FL. The lots have similar zoning allowing for more density on the T5 lots and less on the T3. Combined, the lots total 27,080 ft of land with the potential "by right" to build twenty-three units. The owners' vision is that of a loosely tied "Townhome Enclave".
All of the lots are centrally located, The properties consist of four vacant lots ( 0131130000370, 0131130630110, 0131130560090 ) , "Little River " subdivision of Miami FL. The lots have similar zoning allowing for more density on the T5 lots and less on the T3. Combined, the lots total 27,080 ft of land with the potential "by right" to build twenty-three units. The owners' vision is that of a loosely tied "Townhome Enclave". All of the lots are centrally located, within the Little River vicinity, nestled just northwest of the prosperous Edgewater and NIMO neighborhoods. To the south lie Downtown Miami and Miami Beach, while to the north, North Miami Beach remains a focal point for developers. As of 2024, it comprises 9% of Miami's units under construction, marking a significant surge from slightly over 4% prior to 2019. Sales volume accelerated in 2021 but has since slowed, with $110 million in volume in 2022 and 2023 volume totaling $170 million, still, this remains elevated relative to pre-pandemic levels.

The site has approximately 52ft frontage on NE 1 Ave East to West and close to 95 ft deep.