SB102 mixed-use eligible
Significant density increase
West Brickell Calle 8 Location
High-Growth Investor Opportunity
Strong Cashflow + Redevelopment
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600 SW 16th Ave Miami FL 33135

Transit oriented sale opportunity. Income producing corner triplex one block from Calle Ocho, just west of Brickell, positioned for SB 102, TSND, RTZ and future transit driven upside.

Summary
Asking Price
$1.750M
Lot Size
5,437.5 sq ft
Current Income
$6,300/mo
Existing
Triplex
3 units and approx. 1,748 sq ft

Property Description

Corner lot triplex generating stable rental income of $6,300 per month. Located one block from Calle Ocho in Little Havana, just west of Brickell, within one of Miami’s most active urban growth corridors.

The site is zoned T4 L and is positioned for potential upside driven by Florida’s Live Local Act SB 102, proximity to evolving transit oriented development areas, and possible future RTZ influence.

Zoning and Development Potential
Current Zoning T4 L
  • Mixed residential and commercial uses
  • 36 units per acre by right
  • 3 story base height
  • 60% lot coverage
  • 15% green space requirement
SB 102 and SB 328
  • Up to 1,000 units per acre
  • FAR 36 potential
  • 40% workforce or affordable component
  • Height comparator within 1 mile
  • Mixed use TOD projects may qualify for full parking elimination under SB 328 and Miami 21.
Transit TSND and RTZ
Transit Proximity
  • Approx. 0.9 to 1.1 mile from Government Center
  • Approx. 0.9 to 1.1 mile from Brickell Metrorail and Metromover
  • Near planned Flagler Street BRT corridor
  • Proposed Flagler stops around SW 17th Ave and SW 12th Ave
  • Existing green transit network supports corridor connectivity
TSND and RTZ Reality
  • TSND applies within 0.5 mile of qualifying transit stations
  • Eligibility may extend up to 1 mile with required mobility improvements
  • 0 to 0.5 mile may access T6 12 standards and potential bonus height
  • 0.5 to 1 mile may access T6 8 standards if eligibility is met
  • Parking flexibility may apply under TOD and T6 standards
  • RTZ may allow higher density if the site is included
  • Buyer to verify exact distance, boundaries and eligibility
Development Potential Scenarios

1. By Right T4 L

3 Floors
Approx. 4 to 5 units

2. TSND Ring 2

Max 8 Floors
0.5 to 1 mile if eligible

3. SB 102 Live Local

5 Floors plus
Approx. 20 to 24 units with height comparator

4. RTZ If Designated

12 to 20 Floors plus
Up to approx. 60 units

Development Upside

The asset offers multiple development pathways depending on zoning strategy, exact transit distance and final eligibility.

By right T4 L allows low density development. SB 102 may significantly increase density, height and reduce parking requirements for a qualifying workforce housing project.

TSND benefits depend on exact distance to qualifying transit stations and required mobility improvements. Parking flexibility may apply under TOD and T6 standards, but parking must be verified during due diligence.

Studied range: By Right T4 L approx. 4 to 5 units, TSND Ring 2 max 8 floors if eligible, SB 102 approx. 20 to 24 units with height comparator, and RTZ up to approx. 60 units if designated. Buyer to perform all independent due diligence.

Why This Asset Matters

This is a sale opportunity, not a seller led development. The asset offers income today with a clear path for a qualified buyer to evaluate future entitlement upside.

Ownership has invested in this corridor since 2013 and has owned this property as landlord since 2019, with firsthand knowledge of the appreciation pattern around Little Havana, Calle Ocho, Downtown and Brickell.

Serious Buyers Only

We will only respond to qualified purchasers. Proof of funds or a formal letter of intent is required before scheduling a viewing or receiving the due diligence package.

Buyer to perform all independent due diligence on zoning, transit timelines, SB 102, TSND, RTZ eligibility and development feasibility.

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