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ActiveThe Method
$2,199,999

676 & 119 SW 1st St, Miami FL 33130

Miami

Nine months on market and a $400,000 price cut later, this dual-parcel development site in Miami's urban core is now priced for a buyer who understands land value — not one who needs to be convinced. Two contiguous lots totaling 9,500 SF with T6-12-O zoning sit minutes from Brickell, generating triplex and single-family rental income while you execute your development play. At $2.2M, this is as close to a motivated seller as you'll find on a high-density mixed-use site in this corridor.

Type
Triplex · Residential Income
Year built
1920
Days on market
282 days
About this property

Unmatched development opportunity minutes from Brickell. Two contiguous parcels totaling 9,500 SF with T6-12-O zoning, allowing for high-density mixed-use residential or commercial development. Located in one of Miami’s fastest-growing corridors, just minutes from Brickell, Wynwood, and the Miami River District. Currently configured as a triplex plus a detached single-family home, providing interim rental income while plans and permits are secured. Surrounded by new developments and thriving businesses, this is a rare opportunity to acquire prime land with exceptional upside. The properties may be sold individually or together as a premier assemblage ready for transformation. Please confirm once the listing has been uploaded or advise if any additional documentation is required. I can provide photos, zoning confirmations, surveys, or marketing materials immediately.

Why this is an opportunity
Originally $2,599,999 · now $2,199,999 ↓ 15%
  • Price cut 15%, $400,000 off the original ask
  • 282 days on market, a motivated seller open to offers
Location
MLS# A11883386 · Listed by Ander Egurrola
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