1675 2nd

Description

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, FLTotal Land Area: ±21,439 SF (±0.49 acres)Zoning: T5-L (up to 65 units/acre)Live Local Eligibility: Yes – Florida SB 102 incentivesCombined Asking Price: $3,850,000Developer Advantages1. 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.