For Sale: Multifamily Development Opportunity in Little Havana

Colliers is pleased to offer a unique investment opportunity in Little Havana, Florida. This mixed-use building, featuring ground-floor offices and residential units above, presents a significant value-add prospect. Currently due for its 40-year recertification, which includes code updates and renovations, investors have the option to either enhance the existing structure or redevelop it entirely. This property stands out as an attractive investment in a rapidly growing and revitalizing neighborhood, ideal for investors seeking to capitalize on underutilized assets. Additionally, there is a potential assemblage opportunity with adjacent properties, which could significantly enhance redevelopment possibilities.

Little Havana, in the heart of Miami, is nestled between Miami’s central business district and the Miami International Airport. This neighborhood, rich in history and cultural vibrancy, has attracted a diverse population and has become a focal point for social, cultural, and political activities. Recently, Little Havana has seen a surge of redevelopment and investment, transforming it into a bustling area where historic preservation and modern development converge.