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Active warehouse SALE

Miami, FL 33142

$18,750,000
Property Details
MLS# A11923712
Type Warehouse
Tax Amount $69,622

Property Description

Miami (Allapattah) Live Local Act Land Sale — Multi-Family Eligible up to 29 FloorsCorner lot: ~117 feet along NW 17 Ave x ~371 feet along NW 22 StreetENTITLEMENTS: Live Local Act (LLA) + Allapattah CRA + Federal Opportunity Zone + Empowerment Zone + Enterprise ZoneINVESTMENT HIGHLIGHTS• Benchmark Height: ~1 mile from 29-story tower at 1500 NW N River Dr (precedent for LLA building height)• Scale Potential: ˜350 units by right; up to ˜480 units with Live Local Act density/height provisions• Transit Access: ~0.5 miles to Santa Clara Metrorail · Minutes to Jackson Memorial, Miami Int’l Airport, Port of Miami & Downtown• Employment Base: NW 20th St corridor — one of Miami’s largest industrial & commercial job hubs• Additional Upside: Potential easement along north boundary • Possible acquisition of adjacent City-owned parcel• Seller Leaseback: $1/month for up to 12 months (or less, at seller’s discretion)DEVELOPMENT POTENTIALEstimated Optimum Live Local Act Building Specs• 22 stories total · 420 units · 4 floors parking · 18 floors residentialApproximate Unit Breakdown:• Studio / 1 bath: 105 units · 500 SF · $2,020• 1BR / 1 bath: 168 units · 700 SF · $2,434• 2BR / 2 bath: 105 units · 950 SF · $2,650• 3BR / 2 bath: 42 units · 1,100 SF · $3,000Estimated Pro Forma Gross Income: ˜$1,025,262/month · ˜$12,303,144/yearDISCLAIMERAll figures/entitlements are estimates. Buyer is responsible for independent verification & due diligence.
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Listing Office: Realty One Group Evolution
Listing Agent: Victor Antunez

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Updated: 05/22/2026 3:10 PM

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