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295 Nw 157th St - Biscayne Gardens Development Site

0.92 Acres of Residential Land in Miami, FL 33169

Investment Highlights

  • Strategic Northeast Dade location
  • Close to educational and medical institutions
  • Potential to assemble the north lot on 290 NW 159th Street and 308 NW 159th Street
  • Proximity to major transportation
  • Opportunity for rezoning to increase density

Executive Summary

Prime Development Opportunity

Data Room Click Here to Access

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.92 AC

1 Lot Available

Lot

Lot Size 0.92 AC

Description

Colliers is pleased to present an exclusive development opportunity in the vibrant heart of North Miami, FL. This unique 40,217 SF site, located in the dynamic Northeast Dade submarket, offers unmatched access to major thoroughfares such as I-95, Florida’s Turnpike, SR 826, and SR 441, as well as key transportation hubs including the Tri-rail and Park & Ride Lots. Its strategic location near prominent institutions like Jackson Medical Hospital, North Shore Hospitals, Barry University, Miami-Dade College, Florida International University North Campus, and a quick 9-minute drive from Aventura, positions it as an epicenter for growth and innovation. Surrounded by recent and upcoming high-density developments, including the Caroline at Golden Glades project, the site is poised within a rapidly expanding community. The possibility of rezoning from EU-S (Estate Use Suburban District) to RU-4 (High-Density Apartment House District) presents a chance to significantly enhance the property’s density to 50 units per acre, a move previously achieved with success in the vicinity. Positioned to address the urgent need for workforce housing, this project aims to tackle the region’s acute affordable housing shortage, setting the stage for sustained success in a dynamically evolving market.

zoning

Zoning Code EU-S (- Single-Family Estate Use Suburban)
EU-S (- Single-Family Estate Use Suburban)
  • Listing ID: 31023764

  • Date on Market: 22/02/2024

  • Last Updated:

  • Address: 295 Nw 157th St, Miami, FL 33169

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