Messina Building - Land Development Site

$3,999,000

116 S Miami Ave, Miami, FL 33130

For Sale

Land Free Standing

Active

Last Updated: 05/28/2025

Details:

Building Size: 4,500 sqft

Occupancy: 100%

Year Built: 1901

Zoning: T6 - 150 du/acre

Tenancy: Single

Investment Strategy: Value Add

Offered by Realtor

Luis Hoffmann

The Hoffmann Group Real Estate, LLC.

#3036884

Request Info to Unlock

Brian Carter

Broker-Associate, MBA, CCIM

Douglas Elliman

#BK3022095

Request Info to Unlock

Highlights:

Downtown Miami Development Site
Potential assemblage with 122 S Miami Ave at $8.0 mm to build up to 180 units
Email agent for Offering Memorandum

Description:

Stand Alone Retail building in downtown Miami, FL. Investor potential proforma 6% cap rate for new owner. Owner-occupied. Also, potential development Site. Build up to 102 units as in a Transit Oriented Development (“TOD”) area using the Live Local/SB-102 Act. Zoned T6-80-O. Close to Luxury Developments, Flagler Street Promenade & the Miami Ave Metro-station at SE/SW 1st Street. Minutes to Brickell City, Miami World Center, & Kaseya Centers; Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Shop at Whole Foods, Publix & Aldi. Set amongst tourist destinations, offices, & dining/nightlife & sports.