Overview
Unlock the untapped potential of a prime piece of commercial real estate situated in the rapidly growing Naranja neighborhood and only blocks away from Homestead. A mixed-use opportunity to develop 350+ residential units, plus commercial space, in 2.81 acres of land. Zoning is within the Leisure City Community Urban Center, Mixed-Use Corridor / Core Subdistrict overlay which permits 125 per acre and a maximum height of 15 stories. Additionally, this site qualifies under the Live Local Act (SB102), providing the potential for additional workforce housing units and increased height. The site is strategically located in Miami-Dade County’s Rapid Transit Zone SMART Corridor which can provide additional development bonuses and parking reduction opportunities. The rapidly growing Naranja neighborhood boasts strong market demand, exceptional income potential, and the promise of long-term value appreciation. It also provides existing infrastructure such as schools, parks, grocery stores and everything local residents need within close proximity of the site. The property’s enviable location right along the U.S.1 corridor with 39,000 daily trips. With its strong market demand, exceptional rental income potential, and the promise of long-term value appreciation, this property represents a truly lucrative opportunity for those looking to capitalize on a growing market.
Property details
This property is no longer on the market. Details are shown as they were published while it was listed.
