Little Havanna | 77 Units

For Sale

515 NW 12th Ave, Miami, FL 33136

This Miami property for sale is located at 515 NW 12th Ave. The current listed sale price for Little Havanna | 77 Units is $4,300,000. Little Havanna | 77 Units is situated on a lot that is 0.52 acre in size.

Contacts

broker

Fabio Faerman, CCIM

FA Commercial

(786) 262-9966

Property Details

  • Property Type VacantLand
  • Property Size 1,639 SF
  • Lot Size 0.52 Acre
  • Year Built 1978
  • Date Updated Apr 22, 2024
Little Havana Is a booming neighborhood located in the heart of Miami. It is home to delicious restaurants such as Versailles, trendy bars like Casa Florida, and outstanding dessert venues like Azucar. It is currently attracting a diverse number of startups, new retail, trendy restaurants, bars, galleries, recreational activities and others. Neighborhood has been on a steady rent growth over the past few years, many new developments have added value to this enchanting neighborhood, making it one of the most visited areas in Miami. "Calle 8" is famous for its concentration of immigrants, it has quickly become a must stop for tourists in Miami, seeking great nightlife and a multicultural experience in iconic places such as Ball & Chain, a favorite area among locals too.FA Commercial is pleased to exclusively present this exceptional development site that can accommodate 77 units, situated in a prominent connection hub with established retail. Positioned in Little Havana, on 12th Avenue, this site is strategically located at the intersection of Brickell, Downtown, Coral Gables, and Civic Center, providing direct access to major highways I-95 and 836. In today's world, where people are increasingly seeking urban areas that offer convenient access to employment and entertainment, this well-connected location holds great significance. Moreover, this site is prominently located near renowned magnet schools, further enhancing its appeal. With Miami's growing population and rising rents, investing in this property offers a secure and lucrative opportunity that is resistant to inflation.

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Highlights

  • Zoning: T6-8-O
  • Under Live Local Act 201 Units can be developed
  • Zoned as of right for: 77 Units
  • FLR by Right: 112,500 SF (5)
  • Height by right: 8 stories + mezzanine
  • Under new code development potential: 154 Affordable Housing Units (Plans presented and advanced with city for 148 Affordable housing previously)
  • FLR by 3.14+ Public Benefit: (7.5): 168,750 SF
  • Height: 12 stories
  • Income in place: $84,036 annually
  • All NNN leases in place, on a month to month basis.

Attachments

Getting around

  • 80/100

    Walk Score ®

  • 62/100

    Transit Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Miami, FL
  • Neighborhood Little Havana
  • Zip Code 33136
  • Market Miami

Points of Interest

  • Culmer

    0.60 miles

  • Civic Center

    0.76 miles

  • Historic Overtown/Lyric Theatre

    1.15 miles

  • Government Center

    1.17 miles

  • MiamiCentral

    1.18 miles

  • Santa Clara

    1.18 miles

  • Wilkie D. Ferguson, Jr.

    1.20 miles

  • Miami Avenue

    1.36 miles

  • Third Street

    1.39 miles

  • College North

    1.40 miles

  • Valero

    0.40 miles

  • Sunflex

    0.53 miles

  • U Gas

    0.63 miles

  • Valero

    0.78 miles

  • Marathon

    0.91 miles

  • U Gas

    1.05 miles

  • ChargePoint Charging Station

    1.19 miles

  • Shell

    1.20 miles

  • Shell

    1.26 miles

  • Chevron

    1.34 miles

  • Third Base Garage

    0.28 miles

  • Center Field Garage

    0.30 miles

  • Home Plate Garage

    0.37 miles

  • First Base Garage

    0.39 miles

  • Lot 18

    0.45 miles

  • Cedars Parking

    0.64 miles

  • Dominion Tower Parking Garage

    0.67 miles

  • Park Plaza West

    0.77 miles

  • Park Plaza East

    0.96 miles

  • Baskon Palmer Private Parking

    0.97 miles

  • Barlington Hotel

    0.30 miles

  • SpringHill Suites

    0.62 miles

  • SpringHill Suites by Marriott Miami Downtown/Medical Center

    0.62 miles

  • FANNYLU

    0.64 miles

  • Selina Miami River

    0.92 miles

  • Dunns-Josephine Hotel

    0.99 miles

  • Casa Trinidad at #1

    1.00 miles

  • AC Miami Hotel Downtown & Element Miami Downtown

    1.42 miles

  • The Langford

    1.48 miles

  • Aloft Miami Brickell

    1.49 miles

  • Presidente Supermarket

    1.14 miles

  • Presidente Supermarket

    1.15 miles

  • Publix

    1.15 miles

  • Publix

    1.21 miles

  • Babados FOR NOW! Wholesales

    1.27 miles

  • MIAMI Vice City | Sex & Smoke Shop

    1.27 miles

  • Ross

    1.36 miles

  • Brickell City Centre

    1.56 miles

  • The Shops at Mary Brickell Village

    1.61 miles

  • Whole Foods Market

    1.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Fabio Faerman, CCIM

FA Commercial

(786) 262-9966