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1542 NE 1st AVE, Miami FL 33132

Commercial Active With Contract
$12,500,000

BTC: 198.41269841

ETH: 7,159.22107675

-$500K (2025/05/13)
660 days
0 room(s)

Overview

Incredible Development Opportunity in the Vibrant Arts & Entertainment District! This prime property, located in an Opportunity Zone, offers a unique chance for savvy investors. With permitted buildable units reaching up to 216 for residential or 433 for hotel units, the potential is boundless. This prime 18,900 SF parcel is this is truly a Developer's Dream. Nestled in Miami's most sought-after neighborhood, capitalize on the advantage of the city's highest density zoning. Whether envisioning a striking Condo Tower, a thriving Apartment Rental Building, or a luxurious Hotel, this site holds immense promise for a groundbreaking project. Seize the opportunity to shape the future of Miami's skyline and be a part of this dynamic and rapidly growing community.

Location

Florida • Miami • 33132 • Commercial • Active With Contract

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$3,250,000
$899K – $13.0M
Confidence Low
List vs. estimate
$9.2M above estimate
List $12,500,000 · +284.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $675K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$105,099
2022
All facts and features

  • Lot

    • Lot: 0.44 Acres

    Other Property Information

    • Parcel Number: 01-31-36-005-0900

    • Zoning: T6-24-0 A

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Residential

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Electricity Available

    • Other

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $105,099

  • Source details

    • MLS ID: A11522979

    Other facts

    • Lot Features: City Location / Corner Location / Near Airport / Near Seaport / Less Than 1 Acre

    • Water Source: Municipal Water

    • Lot Size Dimensions: 180x100

    • Subdivision Name: ROBBINS GRAHAM & CHILLINGS

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
33132
723
median $639K
Active
Same city
Miami
12,209
median $650K
Active
Same type
Commercial
1,160
median $1.3M
Active
Similar price
$8.8M – $16.2M
188
median $11.0M
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: Affinity International Realty