3105 NW 62nd St, Miami, FL 33147 – Commercial Land

List Price
$1,195,000
PSF
$64
Cap Rate
PPSF
$64
Lot Size
18,697
Key Highlights
Offered at $1,195,000 ($64 PSF), the asset provides a compelling land basis relative to Miami infill land values, supporting both developer and end-user exit strategies.
BU-2 zoning provides broad commercial development flexibility, allowing investors to evaluate a range of end uses including retail, service-oriented commercial, or light industrial concepts (subject to approvals).
Located in a mature Miami trade area with ongoing commercial activity and steady redevelopment momentum. The surrounding area continues to experience gradual infill, reinforcing long-term corridor fundamentals.
The low land basis relative to Miami’s development cost structure creates embedded upside for future stabilized yield expansion upon completion of a build-out or repositioning strategy.
The 18,697 SF parcel size is well-suited for efficient boutique development, capturing ongoing demand for small-format commercial space in supply-constrained Miami submarkets.
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Jonathan De La Rosa
Senior Managing Director Investments

Eddie Toledo
Senior Director Investments
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