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Pinnacle Real Estate Group – FL

, Miami, FL 33142 (MLS# A12049108)

Miami, FL 33142

$3,900,000
Property Type: Land & Docks Lot Size (sq. ft.): 34,000 Status: Active
Current Price: $3,900,000 List Date: 7/06/2026 Last Modified: 8/26/2026

Overview

Description

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

Listing Details MLS# A12049108

General Property Information

Property Sub Type
Unimproved Land
Number Of Lots
2
Lot Size Acres
0.77
Lot Size Square Feet
34000
Lot Size Dimensions
34000
Lot Depth
25267
Additional Parcels YN
Yes
Additional Parcels Description
2nd Parcel ID 01-31-28-013-3440
Lot Frontage
13386
LP/SqFt
114.71

Property Features

Comprehensive Plan Use: Industrial Current Use: Unimproved Environmental Audit: None Location of Property: City Location Possession: Close Of Escrow Possible Use: Commercial Special Information: City Jurisdiction Utilities: Cable Available; Electricity Available; Phone Available; Sewer Available; Water Available; Other; Trash Removal Road Responsibility: Public Maintained Road Water Source: Public Acreage Description: 1/2 To Less Than 1 Acre Lot; 1 To Less Than 2 Acre Lot; 2 To Less Than 3 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
3900000
LP/Acre
5064935.06
LP/Frontage
291.35

Location and Legal

County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33142
Postal Code +4
5050
Postal Zip
33142
Subdivision Name
MELROSE HEIGHTS 4TH SEC
Elementary School
Melrose
Middle Or Junior School
Brownsville
High School
Miami Northwestern
Subdivision Number
13
Zoning
6100
Flood Zone
AE
Directions
The submarket extends north from the City of Miami Gardens to the Allapattah neighborhood to the south, bordered by I-95 on the east. 34,000 square feet.

Financial Information

Tax Year
2025
Tax Annual Amount
34774
Tax Legal Description
MELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-07-06T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-07-06

More Information

Price Calculations

Current Price To SqFt
116.27

Section Details

Parcel Number MLX
3450

Originating Details

Originating System Key
526314191
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Comprehensive Plan Use

Industrial
Yes

Current Use

Unimproved
Yes

Environmental Audit

None
Yes

Location of Property

City Location
Yes

Possession

Close Of Escrow
Yes

Possible Use

Commercial
Yes

Special Information

City Jurisdiction
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Phone Available
Yes
Sewer Available
Yes
Water Available
Yes
Other
Yes
Trash Removal
Yes

Road Responsibility

Public Maintained Road
Yes

Water Source

Public
Yes

Income and Expenses

Inc/Exp Statement Period
No

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes
1 To Less Than 2 Acre Lot
Yes
2 To Less Than 3 Acre Lot
Yes
IDX
Listing Office: RE/MAX 360 Real Estate
Last Updated: August - 26 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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