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321 NE 78th St, Miami FL 33138

Commercial For Sale
$1,500,000

BTC: 18.79699248

ETH: 646.55172414

New
0 room(s)

Overview

PRESENTING A HIGH-DENSITY INFILL DEVELOPMENT OPPORTUNITY JUST OFF LITTLE RIVER’S HYPER-ACTIVE NE 79TH STREET CORRIDOR…. The property's underlying T6-8-O zoning provides a flexible framework for multifamily, mixed-use, and commercial development, with significant additional density potential through the Live Local Act. An existing vacant 2,932 SF multifamily building has a demolition permit ready to go, allowing developers to move toward site preparation without the complications of tenant relocation or an extended demolition permitting process. Its Qualified Opportunity Zone designation offers potential tax benefits for eligible investments, adding another layer of appeal for long-term development strategies. Positioned just south of NE 79th Street, the site benefits from a growing wave of residential and mixed-use development throughout Little River, including the nearby CedarST and Little River Plaza projects currently under construction. As new projects bring additional residents, businesses, and investment into the neighborhood, the property is well positioned to benefit from continued growth. With convenient access to Biscayne Boulevard, NE 2nd Avenue, and I-95, this offering presents an attractive opportunity to develop within one of Miami's evolving urban core neighborhoods.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.23 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
$900K – $5.6M
Confidence Low
List vs. estimate
$900K below estimate
List $1,500,000 · -37.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $595K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$12,038
2025
All facts and features
  • Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 01-32-07-042-0020

    • Zoning: 6100

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • No Utilities

    • None

  • Other financial information

    • Annual tax amount: $12,038

  • Source details

    • MLS ID: A12115153

    Other facts

    • Lot Features: Central Business District / Irregular Lot / Less Than 1 Acre

    • Water Source: Municipal Water

    • Lot Size Dimensions: 50x150

    • Subdivision Name: LITTLE RIVER GARDENS

Private inquiry
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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: The Alpha Commercial Advisors LLC