Versatile commercial space perfect for medical facilities, wellness centers, educational institutions, or professional offices. Situated on a corner lot, this expansive 6,144 SF building is located on a prime 0.5-acre (21,450 SF) development site near the Miami River. Nestled in the Miami Health District, the second largest medical district in the U.S., the property offers flexibility for a variety of business uses. Rent is negotiable with a starting ask of $35,000 per month, and open to offers. This space is adaptable for uses ranging from offices and schools to medical services and more.
The location offers access to major highways and is in close proximity to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach, as well as LoanDepot Park and Miami International Airport. The Health District consists of numerous medical clinics and research facilities and is the hub for Miami’s medical research.
The site consists of two adjacent parcels located at the corner of NW 19th Terrace and NW 17th Avenue. It is strategically situated a short walk from the Miami Metrorail station and River Landing, a luxurious mixed-use project comprising 2 million square feet of retail and multifamily space. Currently, the properties feature approximately 6,144 SF of vacant office space as week as a ±800 SF single-family home, providing the potential for an income stream during the entitlement process.
The property is zoned T6-8-O, allowing for dense and flexible mixed-use development. The current zoning allows for the development of 150 units per acre (69 units) and an FLR of 7 with a 30% bonus, equating to a maximum developable area of roughly 200,000 SF. The site qualifies for Live Local, allowing for significantly more density and tax benefits than by right zoning.
