Site in Miami’s Omni district listed for $24M

Zoning allows for up to a 24-story building

Feb.February 09, 2015 03:15 PM

A 1.57-acre development site in Miami’s Omni district has been listed for $24 million, The Real Deal has learned.

Commercial real estate giant Marcus & Millichap is marketing the bundle of lots, the company announced today. 

The site, at 1530 Northeast Miami Place, is made up of several parcels and is zoned for up to a 24-story building or 787 units.

“The site is located across the street from a Metromover station and is surrounded by new development, including two high-rise towers, the 36-floor, 513-residence Canvas project, and Opera Plaza, which will have 36 floors, 497 residential units and 8,500 square feet of retail,” said Ryan Shaw, associate vice president of investments for Marcus & Millichap’s Miami office, in a statement.

Marcus & Millichap recently represented the seller in a $17.5 million deal of a 10-acre warehouse park near I-95 in Miami, and a $26.5 million portfolio of 12 South Florida Wendy’s restaurants in November.

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