633 NE 79TH STREET

Miami, FL 33138

LEASE

THE ALPHA COMMERCIAL ADVISORS® PRESENTS A STRATEGIC, HIGH-EXPOSURE DEVELOPMENT OPPORTUNITY AT THE MAIN BISCAYNE BOULEVARD & NE 79TH STREET INTERSECTION OF BOOMING LITTLE RIVER SUB-MARKET….

Offering exceptional visibility to over 67,000 AADT of circulating traffic, this rarely available raw land parcel is ideally suited for a wide range of development options both near and long-term including retail, office, hotel, multi-family and mixed-use projects.

Positioned just East of Biscayne Boulevard at the boundary of the Shorecrest, Little River, and MiMo District neighborhoods, this is the ideal acquisition for buyers to land-bank, build or entitle as the area experiences rapidly increasing development momentum. Surrounded by a mix of both national and mom & pop retailers, the site provides optionality, utility, and even interim income from its temporary F&B program.

The combination of strong exposure, functional scale and flexible use potential creates a compelling opportunity for developers and end-users alike to capitalize on continued growth within this rapidly evolving corridor, ahead of real value appreciation.

Asset Type

Deal Type

Sale

Property Status

Available

Price

$ 1,495,000

Agent Contact Information

JAMIE ROSE MANISCALCO
jamie@thealphacomm.com
201-264-0113

STEFFANIE JACOBSON
steff@thealphacomm.com
609-226-6390

Land Area: 9,990 SF (0.23 acres)
Lot Dimensions: 90′ x 106′
Traffic Count: 67,100 AADT (circulating)
Zoning: T5-O
Max. Density (By-Right): 14 units (65 du/acre)
Max. Height (By-Right): 5 stories
Allowable Uses: Mixed-Use, Retail, Office, Multifamily, Education, Hotel, Religious and more
Live Local Eligible: Yes

Jamie Rose Maniscalco

jamie@thealphacomm.com

201-264-0113

Miami, FL 33138
$ 2995000

$600,000 (20.03%)

Unit Count: 12
Bldg Area:
5,677
Land Area: 10,395 SF (0.24 acres)
Zoning: T5-R
Building Recertification: Yes
CAP Rate (Pro-Forma): 6.8%
Current Occupancy: 69%
Price Per Door: $199,583

Miami, FL 33138
$ 495000

$180,000 (26.67%)

Land Area: 5,100 SF (0.12 acres)
Zoning: T5-R
Max. Density: 7 units
Max. Height: 5 stories

West Palm Beach

Little River

Dania-Broward

LIBERTY CITY

OPA-LOCKA

Little Havana

Little River / West LITTLE RIVER

North Miami Beach/AVENTURA

North Miami

Buena Vista/Little Haiti

El Portal/Miami Shores