8270 1st Pl ,Apartments for Sale & Rent

8270 1st Pl for Sale & Rent

Price $2,795,000.00

• Lot size 12750
• Year Build 1941
• Waterfront
• Zip 33138
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Covered land opportunity in the heart of Miami?s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami?s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary. The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBnB model but would be just a suitable for traditional month-to-month or annual rentals, as well as rented on a master lease to a commercial use such as a school, artist campus, health and wellness facility, etc.

12 53 41 ROYAL PALM GARDENS PB 7-71 S110FT LOTS 12 & 13 LESS E15FT BLK 5 LOT SIZE 9350 SQUARE FEET OR 10966-1394 1280 6 COC 25969-1003 09 20

Covered land opportunity in the heart of Miami?s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami?s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary. The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBnB model but would be just a suitable for traditional month-to-month or annual rentals, as well as rented on a master lease to a commercial use such as a school, artist campus, health and wellness facility, etc.

City:Miami,Zoning:6101,List A O R:A-Miami Association of REALTORS,Latitude:25.8508919,List Price:2795000,Listing Id:A11917999,Longitude:-80.194241,Mls Status:Active,Year Built:1941,Postal Code:33138,Street Name:1st Pl,Coordinates:1:25.8508919,Photos Count:29,Days On Market:117,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2025-11-20,Parcel Number:01-31-12-008-0410,Property Type:Commercial Sale,Street Number:8270,Public Remarks:Covered land opportunity in the heart of Miami?s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami?s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary. The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBnB model but would be just a suitable for traditional month-to-month or annual rentals, as well as rented on a master lease to a commercial use such as a school, artist campus, health and wellness facility, etc.,County Or Parish:Miami-Dade County,Expiration Date:2026-04-28,List Office Name:The Alpha Commercial Advisors LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3764,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:14371,Unparsed Address:8270 NE 1st Pl, Miami FL 33138,Listing Agreement:Exclusive Agency,Building Area Total:3271,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:12750,M I A M I R E_ Flood Zone:X,Original List Price:2795000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Covered land opportunity in the heart of Miami?s rapidly evolving Little River neighborhood. The property is zoned T5-O, allowing for a range of mixed-use residential and commercial development possibilities within Miami?s urban core. By-right, the zoning allows for a mixed-use or multifamily project of up to 19 units and 5 stories before bonuses with office and retail components optional, and the site located within an Opportunity Zone and with Live Local Eligibility which would allow for up to 292 units and 8-12 stories. Situated right on the cusp of the T6-8-O district, there could also be an up-zoning play based on recent precedent and direct proximity to the boundary. The site is currently improved with a fully renovated five-unit compound (four multifamily units and one single-family residence) providing the potential for interim income while development plans are pursued. The majority of the property is currently being rented as short-term rentals and thrives in an AirBnB model but would be just a suitable for traditional month-to-month or annual rentals, as well as rented on a master lease to a commercial use such as a school, artist campus, health and wellness facility, etc.,Listing Contract Date:2025-11-20,Originating System I D:miamire,Public Survey Section:12,Street Number Numeric:8270,Tax Legal Description:12 53 41 ROYAL PALM GARDENS PB 7-71 S110FT LOTS 12 & 13 LESS E15FT BLK 5 LOT SIZE 9350 SQUARE FEET OR 10966-1394 1280 6 COC 25969-1003 09 20,M I A M I R E_ Current Price:2795000,M I A M I R E_ Owner Agent Y N:1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Step into a design-driven compound where renovated interiors, cohesive styling & modern aesthetics create an elevated, ready-to-operate experience.,M I A M I R E_ Parcel Number M L X:0410,M I A M I R E_ Street View Param:1$25.850897$-80.194271$309.74$13.33$1.00$OoXL0mEl9nclpilTBM6urA,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2025-11-20,Internet Address Display Y N:1,Number Of Units In Community:5,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:8,M I A M I R E_ Agent Alternate Phone:860-605-6603,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:8270 NE 1st Pl,