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Little River Townhouse Enclave 5921 Northwest 1st Avenue, Miami, FL 33127
Residential - Income
Property 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, they fall within the North Miami Beach submarket, situated amidst the affluent neighborhoods of Aventura and Sunny Isles to the North, and Downtown Miami and Miami Beach to the South, North Miami Beach continues to attract developer attention. As of 2024, it constitutes 9% of Miami's under-construction units, a notable increase from slightly over 4% before 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.
Area Description
The subject property is a one-parcel lot. The site has approximately 50ft frontage on NW 1 Ave East to West and close to 111 ft deep.
Highlights
PROPERTY HIGHLIGHTS:
0.13 AC Lot
5,500 SF Lot
T-5, R zoning
(9) buildable units: $378,787.00
Entire Assemblage: $2,192,148.00 MLS (A11560921, A11560944, A11560928 )
Full Address: 5921 Northwest 1st Avenue, Miami, FL 33127
Listing Type: FOR SALE
Status: Active
Zoning: T-5
Region: S-SE
County: Miami Dade
Property ID: 4036546
Building Sf: 5500
Parcel Num: 0131130630110
PROPERTY HIGHLIGHTS: 0.13 AC Lot 5,500 SF Lot T-5, R zoning (9) buildable units: $378,787.00 Entire Assemblage: $2,192,148.00 MLS (A11560921, A11560944, A11560928 )