Opportunity to purchase a prime development lot in a rapidly emerging neighborhood. 159 NE 64 Street is located between the Magic City Innovation District and the red hot Little River market, locations tapped by pioneering investors to undergo a Wynwood like transformation. The lot allows development up to 5 stories and 29 residential units as well as office, hotel, and certain retail uses.
The immediate neighborhood has seen the introduction of a wide variety of neighborhood changing occupants such as trendy entertainment venues, fitness facilities, a local favorite steak house, a popular Padel Ball club, and even a Michelin Star restaurant, among others.
This boutique development site offers a savvy developer or investor the chance to bank in on the future appreciation of Miami’s fastest growing neighborhood.
Lot Size: 19,158 SF
Zoning: T5-L
Allowed Height: 5 stories (before bonuses)
Allowed Density: 29 residential units, 58 hotel units (before bonuses)
Buildable SF: 76,632 SF (before bonuses)
Contact Alex Tsoulfas for more information: (305) 972-7217 Alex@stl-advisors.com