Brickell Fringe Multifamily Development Opportunity

Key facts

Combined lot size

≈ 9,500 SF

Zoning

T6-12-O

Asking price

$2,299,000 (both parcels)

Price basis

≈ $20-$25 per buildable SF (conservative mid-rise)

Development potential

≈ 100-150 units (design, mix, approvals, DD dependent)

Location

Minutes from Brickell

Use case

Multifamily · workforce · mixed-income · Live Local

Existing improvements

Primarily a land and development opportunity; however the property currently includes income-producing improvements:

• One parcel includes a triplex with completed 40-year certification.
• The other parcel includes a single-family residence with a detached 1/1 unit.
• Existing structures may allow for rental income during planning, design, entitlement, and permitting.
• Buyer to verify condition, rents, leases, permits, and legal use.

The opportunity

A conservative mid-rise multifamily development site. The T6-12-O zoning provides a strong urban baseline, while Live Local Act eligibility may create additional development flexibility depending on the final program and compliance with affordability requirements.

“This is not being marketed as a speculative skyscraper site. The opportunity is best understood as a practical infill multifamily development play near Brickell, with strong zoning, Live Local eligibility, existing income potential, and an attractive basis for developers seeking workforce or mixed-income housing opportunities in Miami.”

Buildable scenarios

Live Local Act

• Potential administrative approval path for qualifying multifamily projects.
• Minimum affordability requirements may apply.
• Potential density, height, lot coverage, parking, and use flexibility depending on location and compliance.
• Buyer must confirm eligibility with zoning counsel, architect, and the City of Miami.

Documents