Description

Incredible Development Opportunity in the Vibrant Arts & Entertainment District! This prime property, located in an Opportunity Zone, offers a unique chance for savvy investors. With permitted buildable units reaching up to 216 for residential or 433 for hotel units, the potential is boundless. This prime 18,900 SF parcel is this is truly a Developer’s Dream. Nestled in Miami’s most sought-after neighborhood, capitalize on the advantage of the city’s highest density zoning. Whether envisioning a striking Condo Tower, a thriving Apartment Rental Building, or a luxurious Hotel, this site holds immense promise for a groundbreaking project. Seize the opportunity to shape the future of Miami’s skyline and be a part of this dynamic and rapidly growing community.

Address

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Address: 1st AVE
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: ROBBINS GRAHAM & CHILLINGS

Details

Updated on February 25, 2026 at 4:05 am

Property ID A11522979
Price $12,500,000
Land Area 0.44 Square Feet
Type Residential
Property Status Commercial Land

Additional details

AdditionalParcelsYN 1
BuildingAreaUnits Square Feet
BuildingName ROBBINS GRAHAM & CHILLINGS
Contingency Pending Inspections
ContractStatusChangeDate 2026-02-18
CurrentUse Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)
DaysOnMarket 660
ExpirationDate 2026-05-20
FrontageLength 180
GrossScheduledIncome 0
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-280-3692
LotFeatures City Location, Corner Location, Near Airport, Near Seaport, Less Than 1 Acre
LotSizeDimensions 180x100
LotSizeSquareFeet 18900
MLSAreaMajor Robbins Graham & Chillings
MajorChangeTimestamp February 24, 2026 at 08:35pm
MajorChangeType Pending
MlsStatus Pending
ModificationTimestamp February 24, 2026 at 08:35pm
OffMarketDate 2026-02-18
OffMarketTimestamp 2026-02-18T05:00:00.000Z
OnMarketDate 2024-01-29
OriginalEntryTimestamp January 29, 2024 at 04:26pm
OriginalListPrice 13000000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-36-005-0900
PendingTimestamp 2026-02-18T05:00:00.000Z
PhotosChangeTimestamp January 29, 2024 at 04:31pm
PhotosCount 8
Possession Negotiable
PossibleUse None
PostalCodePlus4 1304
PreviousListPrice 13000000
PriceChangeTimestamp May 13, 2025 at 09:55pm
PublicSurveyRange 1
PublicSurveySection 36
PublicSurveyTownship 1
RoadFrontageType Legal Access Road, City/County Maintained
RoadResponsibility Public Maintained Road
Sewer Public Sanitation
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 391200716
StateOrProvince FL
StatusChangeTimestamp February 24, 2026 at 08:35pm
StreetDirPrefix NE
StreetName 1st AVE
StreetNumber 1542
StreetNumberNumeric 1542
StructureType Residential
SyndicationRemarks Incredible Development Opportunity in the Vibrant Arts & Entertainment District! This prime property, located in an Opportunity Zone, offers a unique chance for savvy investors. With permitted buildable units reaching up to 216 for residential or 433 for hotel units, the potential is boundless. This prime 18, 900 SF parcel is this is truly a Developer's Dream. Nestled in Miami's most sought-after neighborhood, capitalize on the advantage of the city's highest density zoning. Whether envisioning a striking Condo Tower, a thriving Apartment Rental Building, or a luxurious Hotel, this site holds immense promise for a groundbreaking project. Seize the opportunity to shape the future of Miami's skyline and be a part of this dynamic and rapidly growing community.
TaxAnnualAmount 105099
TaxLegalDescription ROBBINS-GRAHAM & CHILLINGSWORTH PB A-49 1/2 LOT 4 BLK 13 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 LOT SIZE 6300 SQ FT M/L OR 20351-4
TaxYear 2022
Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Other, Sewer Available, Water Available
Vegetation Other Trees
WaterSource Municipal Water
Zoning T6-24-0 A