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244 NW 7th Ave, Miami FL 33128

Commercial For Sale
$4,700,000

BTC: 76.54723127

ETH: 2,691.86712486

79 days
0 room(s)

Overview

LUMINA HOUSE DEVELOPMENT SITE – NOW AVAILABLE Prime development opportunity in Miami’s rapidly evolving West River District. This shovel-ready site is fully approved for approximately 102,226 square feet, allowing for an 8-story development with up to 60 residential units, or the option for elderly housing combined with Live Local incentives for up to 85 units. Ideally positioned just one block from the Miami River and steps from Bagatelle, this location offers unmatched proximity to Brickell and Downtown Miami—placing future residents at the center of the city’s most vibrant lifestyle and business hubs. The surrounding area is undergoing significant transformation, making this an exceptional opportunity for investors and developers to capitalize on Miami’s continued growth. Now is the time to secure a foothold in one of the city’s most promising emerging neighborhoods. See attachment for renderings and more information

Location

Florida • Miami • 33128 • Commercial • For Sale

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,575,000
$574K – $3.8M
Confidence Low
List vs. estimate
$3.1M above estimate
List $4,700,000 · +198.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $627K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$58,926
2025
All facts and features

  • Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 01-02-00-030-1010

    • Zoning: 4601

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Residential

  • Utility

    • Electricity Connected

    • Phone Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Phone Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $58,926

  • Source details

    • MLS ID: A11986239

    Other facts

    • Lot Features: Corner Location / Corner Lot / 1-2.5 Acres

    • Water Source: Municipal Water

    • Lot Size Dimensions: 100x175

    • Subdivision Name: CITY OF MIAMI SOUTH

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
33128
76
median $579K
Active
Same city
Miami
11,708
median $649K
Active
Same type
Commercial
1,120
median $1.3M
Active
Similar price
$3.3M – $6.1M
625
median $4.3M
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: Douglas Elliman