2461 NW 61st St, Miami, FL 33142

Prime Miami Investment Opportunity with Significant Upside!

2461 NW 61st St, Miami, FL 33142

Asking Price: $999,990

Attention Developers and Savvy Investors! This is an extraordinary chance to acquire a strategically located property with immense development potential in a rapidly evolving Miami neighborhood. This listing, while appearing as a 2-bedroom, 1-bathroom single-family home, is actually part of a 3-lot assemblage totaling 20,674 sq ft, making it a prime canvas for a lucrative mixed-use project.

Unleash the Potential: The true value of this property lies in its zoning: 6062 UC Center (MC-6) and 3151 UC Edge (RM-4), allowing for high-density mixed-use development with up to 6 stories of height. This exceptional zoning, combined with its location within an Opportunity Zone and eligibility for Live Local Act benefits, makes it a compelling prospect for developers seeking scale and significant upside. Surrounded by major redevelopment activities, including the Liberty Square and multiple Modena Housing projects, the area is poised for substantial growth.

Strategic Location: Situated in the heart of Miami’s Urban Core, 2461 NW 61st St offers unparalleled connectivity. You’re just minutes from Miami International Airport, with easy access to major expressways. The property is also incredibly close to the vibrant cultural hubs of Wynwood and the Design District, bustling Downtown Miami, and the vital Health District. Public transportation is readily available, with the Dr. Martin Luther King Jr. Plaza Metrorail station just a 6-minute walk away. Nearby amenities include Brownsville Center and Northside Shopping Center, as well as various parks and colleges.

Market Insights (Miami 33142): The 33142 zip code is a dynamic market. While the overall median listing home price is around $490K, and the median sold price is $470K, prices per square foot are trending upwards, with a 10% increase year-over-year. For 2-bedroom homes specifically, prices have seen a significant 7.6% increase year-over-year in the adjacent 33147 zip code (similar trends often extend to nearby areas), highlighting strong demand for this property type. Properties in 33142 are selling after an average of 57 days on the market.

Whether you’re an experienced developer seeking your next flagship project or an astute investor looking for substantial returns, this unique assemblage offers an unparalleled opportunity to shape the future of Miami’s urban landscape.

Key Features:

• Asking Price: $999,990
• Part of a 3-lot assemblage totaling 20,674 sq ft
• Prime Mixed-Use Development Opportunity
• Zoning: 6062 UC Center (MC-6) & 3151 UC Edge (RM-4)
• Allows for up to 6-story development
• Located in an Opportunity Zone
• Eligible for Live Local Act benefits
• Proximity to major redevelopment projects
• Minutes from Wynwood, Design District, Downtown Miami, and Health District
• Excellent public transit access (Metrorail)
• Near essential amenities, shopping, and educational institutions
• Existing 2-bed, 1-bath single-family home (776 sqft, built 1935) offers immediate income stream or holding potential.

This is more than just a property; it’s a strategic investment in Miami’s thriving future. Contact us today to receive the full development package and explore the immense possibilities!