8270 NE 1st Pl, Miami FL 33138 | Miami-Dade County | A11917999
- $2,590,000
- $2,590,000
Description
Covered land opportunity in the heart of Miami’s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami’s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary.
The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBnB model but would be just a suitable for traditional month-to-month or annual rentals, as well as rented on a master lease to a commercial use such as a school, artist campus, health and wellness facility, etc.
Address
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Address: 1st Pl
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City: Miami
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Zip/Postal Code: 33138
Details
Updated on July 2, 2026 at 9:36 am-
Property ID A11917999
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Price $2,590,000
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Year Built 1941
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Property Status Active, Commercial Sale
Additional details
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Annual Tax 14371
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Association No
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Private Pool No
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Waterfront No
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Building Area 3271
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Flood Zone X
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New Construction No
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Lot Size (Sq Ft) 12750
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