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1231 NE 115th St, Miami FL 33161

Commercial For Sale
$2,875,000

BTC: 44.78918006

ETH: 1,630.79855242

38 days
0 room(s)

Overview

An exceptional development opportunity is now available in one of Miami’s fastest-growing emerging neighborhoods — positioned to become the next major urban destination and future “Design District” style corridor. The property has already undergone a zoning change allowing for the development of approximately 75 residential units, significantly reducing entitlement risk and accelerating the development timeline for the right buyer. This is a strategic opportunity for developers seeking to secure land in an area experiencing rapid transformation, strong population growth, infrastructure expansion, and increasing investor activity. Investment Highlights Zoning approved for approximately 75 residential units Located in a rapidly evolving Miami growth corridor Strong long-term appreciation potential Ideal for multifamily, mixed-use, or boutique luxury development Multiple additional land assemblage opportunities available nearby Excellent opportunity to establish an early presence before major price escalation The surrounding area is attracting significant redevelopment interest and is widely considered one of the next high-growth urban pockets in Miami. For qualified developers and investors seeking additional scale, more land opportunities are also available in the same area. Please contact the listing agent directly for additional information, zoning details, pricing, and off-market assemblage opportunities.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
42662.00 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,400,000
$510K – $9.9M
Confidence Low
List vs. estimate
$475K above estimate
List $2,875,000 · +19.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
27 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $804K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$73,000
2025
All facts and features
  • Lot

    • Lot: 42662.00 Acres

    Other Property Information

    • Parcel Number: 30-22-32-015-0400

    • Zoning: 5700

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • No Utilities

    • None

  • Other financial information

    • Annual tax amount: $73,000

  • Source details

    • MLS ID: A12019688

    Other facts

    • Lot Features: City Location / 1-2.5 Acres

    • Water Source: Other

    • Lot Size Dimensions: 0x0

    • Subdivision Name: BAYVIEW ACRES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: I Home Miami