27190 SW 140TH AVE, Miami, FL

About this property

- Compass FL presents a premier development opportunity for a garden-style multifamily community in the rapidly growing Naranja Lakes, right in the center of one of Miami's greatest developing urban hubs.  Offered at one of the lowest price-per-acre opportunities in the South Miami-Dade market, providing exceptional value. The zoning is R-EDGE which allows 18 units per acre.   - The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally, there is an opportunity to increase the project density through Workforce Housing and reach up to 84 units, primarily by redesigning the building located at the rear of the property. The architect has already redesigned the project to accommodate the 84 units. - Located directly across from a school. with convenient access to US1, Florida Turnpike, public transit and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design. - Naranja is a rapidly developing submarket with significant residential and commercial expansion.  Surrounded by ongoing public and private investments.  Affordable housing demand continues to rise. - The project is right in the center of one of Miami's greatest developing urban hubs, Naranja.  The sites comes with ASPR approvals to develop a 66-unit Garden-style multifamily community with surface parking. - The site is zoned R-EDGE, accommodating a range of development scenarios including commercial, residential, and mixed-use projects consistent with the area's growth trajectory. - The parcel features substantial road frontage along SW 272 ST, providing excellent visibility and multiple potential points of ingress and egress for future development. - All major utilities — including municipal water, sewer, and electric — are available at or near the property boundary, reducing infrastructure costs. - Environmental Phase I assessments have been completed with no recognized environmental conditions identified, streamlining the due diligence process.

Property highlights

Lot size

3.38 acres

Zoning

R-EDGE

County

Miami-Dade

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.