321 NE 78th St, Miami FL 33138

$1,500,000

Description

PRESENTING A HIGH-DENSITY INFILL DEVELOPMENT OPPORTUNITY JUST OFF LITTLE RIVER’S HYPER-ACTIVE NE 79TH STREET CORRIDOR…. The property's underlying T6-8-O zoning provides a flexible framework for multifamily, mixed-use, and commercial development, with significant additional density potential through the Live Local Act. An existing vacant 2,932 SF multifamily building has a demolition permit ready to go, allowing developers to move toward site preparation without the complications of tenant relocation or an extended demolition permitting process. Its Qualified Opportunity Zone designation offers potential tax benefits for eligible investments, adding another layer of appeal for long-term development strategies. Positioned just south of NE 79th Street, the site benefits from a growing wave of residential and mixed-use development throughout Little River, including the nearby CedarST and Little River Plaza projects currently under construction. As new projects bring additional residents, businesses, and investment into the neighborhood, the property is well positioned to benefit from continued growth. With convenient access to Biscayne Boulevard, NE 2nd Avenue, and I-95, this offering presents an attractive opportunity to develop within one of Miami's evolving urban core neighborhoods.

Listing courtesy of Steffanie Jacobson, The Alpha Commercial Advisors LLC · Updated 11/2/2026