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Multifamily Development Site in West Little River, Miami

Shovel-ready 8-story, 48-unit multifamily development site with approved plans and seller financing in Miami's Opportunity Zone.

$1,490,000

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MLS #A11899551

Listing Updated: 2026-07-25 00:24:55

Listed By: Fausto Commercial Realty Consultants Inc

Overview

This property at NW 22nd Ave & NW 90th St in West Little River, Miami, offers a fully approved, shovel-ready development opportunity for an eight-story building comprising 48 residential units. The project includes a mix of 36 one-bedroom, one-bath units, 6 one-bedroom plus den units, and 6 two-bedroom, two-bath units, along with 34 parking spaces, including seven EV-ready spots. Located within an Opportunity Zone, this site comes with no entitlement risks, permit delays, or county comments to resolve, making it an efficient and streamlined investment for developers. Seller financing is available with flexible terms, enhancing accessibility for qualified buyers.

Property Highlights

Approved plans for 48 units, 8-story multifamily building, 34 parking spaces including 7 EV-ready, located in Opportunity Zone, seller financing available.

Property Details

City: Miami

State: FL

Zip Code: 33147

Address: 90 2200, Miami FL 33147

Year Built:

Property Type: Land/Boat Docks

Property Sub Type:

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: $4,583

Days On Market: 221 Days

Original Listing Description

PRICE IMPROVEMENT — $300,000 BASIS RESET | NOW OFFERED AT $1,490,000 Seller financing available with flexible terms. Shovel-ready multifamily development site in West Little River, Miami, with fully approved plans for an 8-story, 48-unit project (36 1B/1B, 6 1B+Den, 6 2B/2B, including workforce set-asides) and 34 parking spaces (7 EV-ready). This is a true plug-and-play opportunity—no entitlement risk, no permit delays, and no county comments to resolve. Located at NW 22nd Ave & NW 90th St in an Opportunity Zone. . Approved plans, financials, and full development package available upon request.

Property Location

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

90 2200, Miami FL 33147

About This Neighborhood

West Little River is a vibrant Miami neighborhood known for its accessibility and proximity to key city areas. The location at NW 22nd Ave & NW 90th St offers convenient connections to downtown Miami and other employment centers. The community is evolving with new developments and infrastructure improvements, making it attractive for residential projects. Being in an Opportunity Zone adds to the neighborhood’s appeal for investors focused on long-term growth and community revitalization. Local amenities and transport options support a balanced urban lifestyle.

Walkability & Lifestyle

The property’s location provides reasonable walkability to local shops, dining, and community services. West Little River features a mix of residential and commercial areas, allowing residents to access daily necessities with ease. Proximity to major roads and public transit options enhances mobility. Nearby parks and recreational spaces offer opportunities for outdoor activities, contributing to a balanced urban lifestyle. The neighborhood’s evolving infrastructure supports increased walkability and convenience.

Things To Do Nearby

Residents and visitors in West Little River can enjoy a variety of activities including dining at local restaurants, exploring nearby parks, and accessing waterfront areas within a short drive. Miami’s vibrant cultural scene and entertainment options are easily reachable, providing diverse leisure opportunities. Outdoor enthusiasts benefit from access to boating, golfing, and other recreational amenities in the greater Miami area. The neighborhood’s location offers a blend of urban convenience and access to natural attractions.

Nearby Schools

West Little River offers access to a range of public and private educational institutions within reasonable commuting distance. Families considering this area will find options for elementary, middle, and high schools nearby. The neighborhood’s connectivity facilitates convenient school transportation, contributing to its suitability for residents with children. Educational facilities in the broader Miami area complement the community’s residential appeal.

Why Buyers Like This Area

Buyers appreciate this property for its turnkey development status and location within an Opportunity Zone, which offers potential benefits for long-term projects. The approved plans eliminate typical development uncertainties, making it attractive for those seeking a streamlined process. The mix of unit types and parking availability meets modern residential demands. Additionally, West Little River’s growing community and accessibility to Miami’s core areas enhance the site’s appeal for developers and investors alike.

Investment Potential

This shovel-ready multifamily development site in Miami's West Little River offers a unique opportunity for developers seeking a streamlined project with approved plans and no entitlement risks. Located in an Opportunity Zone, the site benefits from potential tax advantages and is positioned in a growing area with increasing demand for residential units. The availability of seller financing with flexible terms further supports accessibility for investors looking to capitalize on Miami’s expanding housing market. The mix of unit types and parking provisions cater to diverse tenant needs, enhancing project appeal.

Market Trends

Miami’s multifamily market continues to attract attention due to steady population growth and housing demand. West Little River, in particular, is gaining traction as a development hotspot thanks to available land parcels and supportive zoning. The presence of shovel-ready sites with approved plans is rare, creating a competitive advantage for buyers. Market trends indicate sustained interest in multifamily housing, driven by renters and buyers seeking modern, well-located residences. This property’s turnkey status aligns well with current market dynamics favoring quick project execution.

Rental Income Potential

The multifamily project planned for this site includes a variety of unit types that appeal to a broad tenant base, from singles to small families. Miami’s rental market benefits from strong seasonal demand and a steady influx of residents, which supports consistent tenant interest. The site’s location near transit and amenities enhances its rental appeal. While no income guarantees can be made, the approved plans and strategic location suggest favorable conditions for rental occupancy and tenant retention over time.