8270-8280 NE 1ST PLACE

Miami, FL 33138

LEASE

THE ALPHA COMMERCIAL ADVISORS® PRESENTS A STABILIZING TURN-KEY ASSEMBLAGE IN THE HEART OF LITTLE RIVER’S EVOLUTION WHERE DESIGN, DINING & RE-DEVELOPMENT CONVERGE.…. 

Offering a beautifully re-imagined and absolutely turn-key 4-plex + single-family residence delivered renovated and designer-furnished, this is the ideal play for long-term multifamily investors seeking an operation-ready rental compound with re-development upside for a commercial or mixed-use project, or adaptive re-use program in the near-term ahead of redevelopment. Already commanding premium market rents due to the high quality finishes, fully-furnished units and spacious, even luxurious grounds and desirably situated in direct walkable adjacency to The Citadel, dining and shopping, this property provides investors a rare set of conditions that secure rentability in the long-term compared to aging existing market rental inventory in the Little River neighborhood.

Plus — underlying T5-O commercial zoning provides rare optionality for maximizing investment potential and is suitable for:

  • Multi-family investors & short-term rental operators seeking a plug-and-play rental hub in the most walkable pocket to F&B and retail
  • Specialty-use or institutional operators (school, wellness, design collective, etc.) seeking beautiful grounds and multiple structures
  • Bullish covered-land buyers holding for future redevelopment—by-right potential for 19 units / 5 stories, or up to 292 units / 8–12 stories under Live Local Act incentives

Neighborhood

Asset Type

Deal Type

Sale

Property Status

Available

Price

$ 2,590,000

Agent Contact Information

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

Current Use: Multifamily (Short-term rental)
Land Area: 12,750 SF (0.29 AC)
Bldg Area: 3,271 SF
Zoning: T5-O
Allowable Uses: Multi-Family, Hotel, Educational, Mixed-Use, Retail, Office, Religious and more
Max. Density (By-Right): 19 Units
Max. Height (By-Right): 5 Stories
Max. Density (Live Local): 292 units (1,000 du/acre)
Max. Height (Live Local): 8–12 stories
Opportunity Zone: Yes
Live Local Eligible: Yes
40-Year Re-Certification: 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