Redevelopment and Income Generating Opportunity in Opa-LockaThis offering comprises three adjacent lots totaling 20,750 sq. ft. with 150 linear feet of frontage along NW 135th Street and 32nd Avenue in the City of Opa-Locka. One parcel features a 4-unit building with new roof as of 9/2025, currently leased to month-to-month… Read More tenants at below-market rents, generating approximately $60,000 in annual gross income. The other two parcels are vacant, providing significant development potential alone or adding the adjacent building's lot.Located within Opa-Locka’s mixed-use corridor, the property benefits from as-of-right zoning that permits up to 71 residential units across 8 stories for market-rate tenancy. The site is within walking distance of the Amazon distribution center and mass transit stops, adding strong appeal for future residents. Preliminary site plans have been prepared for both a 69-unit/80 Parking space development and a smaller 28-unit/30 Parking space project, offering flexibility for investors and developers. the property also qualifies for other commercial and retail zoning applications, creating additional opportunities for mixed-use development. Discussions with city officials have already taken place, and they are enthusiastic about welcoming a strong project to the area. Incentives may be available to support development. Read Less
Courtesy of Premier Real Estate Sales Inc. 305-558-9996
Listing Snapshot
Days Online
193
Last Updated
Property Type
Unimproved Land
Lot Size
0.48 Acres
MLS Number
A11931734
30 Days Snapshot Of 33054
$195k
-35%
(avg) sold price
1
0%
home sold
32
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.48 acres, 20,750 sqft, Other
Property
Zoning: 6800
Taxes
Annual amount: $4,948
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
