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Commercial Land for Sale at 21 Ave, Miami FL 33147

Prime commercial land available at 21 Ave, Miami, FL 33147. Approved for a 5-story, 26-unit building with retail space near transit and shopping centers.

$1,099,000

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MLS #A11860856

Listing Updated: 2026-07-13 12:38:18

Listed By: Fausto Commercial Realty Consultants Inc

Overview

This commercial land at 21 Ave, Miami, FL 33147 offers a shovel-ready development opportunity with final site plan approval for Fraca Residences. The corner lot spans 9,450 sqft and is located at NW 79th Ter & NW 21st Ave, just one block north of NW 79th St. The site is transit-oriented, providing easy access to Northside Metrorail, Northside Shopping Center, I-95, and various grocery stores. The approved plan allows for a five-story building with 26 residential units and two ground-floor retail spaces. Benefits include a 25% workforce housing density, a 100% parking reduction, and four designated workforce housing units, with a total building area of 35,647 sqft. This location is ideal for buyers seeking a well-positioned commercial development in Miami.

Property Highlights

Shovel-ready commercial land, 9,450 sqft corner lot, final site plan approved, 5-story building with 26 units, 2 retail units, transit-oriented location, workforce housing benefits, total 35,647 sqft building area.

Property Details

City: Miami

State: FL

Zip Code: 33147

Address: 21 ave, Miami FL 33147

Year Built:

Property Type: Commercial Land

Property Sub Type: Commercial

Listing Office Name: Fausto Commercial Realty Consultants Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $8,046

Days On Market: 244 Days

Original Listing Description

Shovel-ready in 3–4 months. Fausto Commercial has been exclusively retained to offer Fraca Residences, a final site plan approved boutique development site at 7900 NW 21st Ave, Miami. Corner lot: 9,450 SF at NW 79th Ter & NW 21st Ave, one block north of NW 79th St. Transit-oriented: minutes to Northside Metrorail, Northside Shopping Center, I-95, and multiple grocers. A central area for tenants to quickly and efficiently get to their jobs. Final approvals for a 5-story, 26-unit building with two ground-floor retail units. Benefits include a 25% workforce housing density, 100% parking reduction, and four Workforce Housing Units. Total Building Area: 35,647 sqft. Contact us for a comprehensive pro-forma, and full set of plans.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

21 ave, Miami FL 33147

About This Neighborhood

Located in a central Miami neighborhood, this site benefits from easy access to the Northside Metrorail and Northside Shopping Center. The area is characterized by a mix of residential and commercial uses, supporting a dynamic community environment. Its proximity to major roads like I-95 facilitates convenient travel throughout Miami, making it attractive for both residents and businesses seeking connectivity.

Walkability & Lifestyle

This site is situated in a walkable area with close proximity to public transit, shopping centers, and local amenities. Residents and visitors can enjoy easy access to daily conveniences, making it suitable for those valuing urban lifestyle and mobility without reliance on vehicles.

Things To Do Nearby

Nearby amenities include retail shopping, dining options, and recreational areas. The location’s access to transit also opens opportunities to explore Miami’s cultural attractions, parks, and waterfront destinations, providing a balanced urban living experience.

Nearby Schools

The neighborhood offers access to various educational institutions within reasonable commuting distance, supporting families and residents in the area. The convenience of nearby schools adds to the location’s appeal for residential tenants and buyers considering long-term community engagement.

Why Buyers Like This Area

Buyers appreciate this property for its prime location, approved development plans, and transit accessibility. The workforce housing incentives and parking reductions offer practical benefits, while the proximity to shopping and transportation enhances lifestyle convenience for future residents and businesses.

Investment Potential

This commercial land in Miami presents a promising development opportunity due to its shovel-ready status and approved site plan. The location’s proximity to public transit, shopping centers, and major highways enhances its appeal for future tenants and buyers. The inclusion of workforce housing units and parking reductions may provide added value in meeting local housing demands. Buyers interested in commercial development will find this property well-positioned for efficient project execution and tenant accessibility.

Market Trends

Miami’s commercial real estate market continues to attract interest due to its strategic location and growing population. Properties with approved development plans, especially those near transit and retail hubs, tend to maintain strong buyer demand. This site’s unique combination of workforce housing incentives and reduced parking requirements aligns well with current market trends favoring sustainable and accessible urban development.

Rental Income Potential

The property’s location near transit and retail centers enhances its potential appeal to tenants seeking convenient urban living and shopping options. While rental income cannot be guaranteed, the approved plan for residential units combined with retail space suggests diverse tenant interest. Seasonal demand and Miami’s year-round activity may support consistent occupancy for future developments.