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1675 NW 2nd St, Miami FL 33125

Commercial Active With Contract
$3,850,000

BTC: 60.53459119

ETH: 2,023.50418366

122 days
0 room(s)

Overview

Exceptional 21,439 SF assemblage on NW 17th AV in West Little Havana, adjacent to the iconic Loan Depot Stadium, offering prime T5-L zoning and major development upside under the Live Local Act (SB102/SB136), allowing for over 150 units and up to 24– stories with no FLR cap. The site includes residential income buildings and a vacant building—a Duplex from 1981, a 2-unit 3-bed/2-bath and 2/1, another Duplex with both units 2/1, a single family home and a triplex with plans approved for renovation—all currently rented below market. Located just five minutes from Brickell and Downtown, this high- visibility corridor draws over 3 million tourists annually and is surrounded by top local hotspots like Ball & Chain, Torreros Bonfire, and more. With 17th Avenue frontage, strong transit access, and rising demand for retail and residential, the site sits at the heart of Miami’s most vibrant and rapidly evolving neighborhood. Property Addresses: 1651 & 1675 NW 2 St, 221 & 227 NW 17 Ave, Miami, FL Total Land Area: ±21,439 SF (±0.49 acres) Zoning: T5-L (up to 65 units/acre) Live Local Eligibility: Yes – Florida SB 102 incentives Combined Asking Price: $3,850,000 Developer Advantages 1. Accelerated Entitlement – SB 102 overrides local zoning and reduces approval time. 2. Density & Flexibility – Build up to 1000 units/acre, including workforce housing. 3. Immediate Income + Upside – Current rentals provide cash flow while preparing for redevelopment.

Location

Florida • Miami • 33125 • Commercial • Active With Contract

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,137,000
$450K – $4.2M
Confidence Low
List vs. estimate
$2.7M above estimate
List $3,850,000 · +238.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
52 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $650K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features

  • Lot

    • Lot: 0.49 Acres

    Other Property Information

    • Parcel Number: 01-41-02-005-8450

    • Zoning: T5-L

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Other Utilities Available

    • Other

  • Source details

    • MLS ID: A11981426

    Other facts

    • Lot Features: City Location / Corner Lot / Urban Area Development / Less Than 1 Acre

    • Water Source: Municipal Water

    • Lot Size Dimensions: 150x143

    • Subdivision Name: LAWRENCE ESTATE LAND CO

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

Live counts in the same area.
View all
This zip
33125
226
median $650K
Active
Same city
Miami
12,325
median $637K
Active
Same type
Commercial
1,211
median $1.2M
Active
Similar price
$2.7M – $5.0M
768
median $3.5M
Active

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: Fausto Commercial Realty Consultants Inc