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Portfolio of 3 For Sale Little River Assemblage 119 Northwest 61st Street, Miami, FL 33127
Property Description
The properties consist of three vacant lots "Little River" subdivision of Miami FL. The lots have similar zoning allowing for more density on the T4 lots and less on the T3. Combined, the lots total 21,580 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 the parcels are positioned centrally 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.
Highlights
The subject property is a one-parcel lot. The site has approximately 50 ft frontage on NW 61 Street North to South and close to 148 ft deep.
0.17 AC Lot
7,150 SF Lot
T-3, O zoning
(4) buildable units: $443,000.00
Entire Assemblage: $1,338,000.00
Full Address: 119 Northwest 61st Street, Miami, FL 33127
Listing Type: FOR SALE
Status: Active
Region: S-SE
County: Miami Dade
Property ID: 4036549
The subject property is a one-parcel lot. The site has approximately 50 ft frontage on NW 61 Street North to South and close to 148 ft deep.
0.17 AC Lot
7,150 SF Lot
T-3, O zoning
(4) buildable units: $443,000.00
Entire Assemblage: $1,338,000.00