Commercial property in SW 272 St Miami for sale with MLS# A11988245

This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally under the Live Local Act, the site may qualify for a density increase of up to 90 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.

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Days on the market

SW 272 St, Miami, FL 33032

Price
Price:
$2,950,000.00
Previous Asking Price:
$3,300,000.00
Original List Price:
$3,300,000.00
Business Info
Gross Scheduled Income:
0
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Corporate Listing (Corporate Owned Property)
Listing Category:
Land
Property Type:
Commercial
MLS Number:
A11988245
Description of Last Important Update:
Price Change
Last Major Update on:
April 3, 2026 10:41 pm
Measures
Lot Area:
147,363 Sqft
Lot Size Dimensions and Info:
320x1086
Lot Size Unit:
Square Feet
Lot Size Acres:
3.38
Number of Lots:
3
Property Features
View from the Property:
Water
Waterfront:
Yes
Waterfront Features:
Canal Access
Vegetation and Trees:
Other, Grassed
Road Responsibility:
Public Maintained Road
Water Access Description:
None
Construction
Road Frontage Type:
County Road
Taxes and Expenses
Tax Annual Amount:
$10,396.00
Tax Year:
2025
Parking
Covered Spaces:
0
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Sewer Available, Water Available
Water Source:
Other
Community
Subdivision Name:
HIDDEN GROVE
Senior Community:
No
Terms
Documents Available:
Aerial, Site Plan, Other, Survey, Engineering Report
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
34 56 39 1.074 AC BEG SW COR OF SW1/4 OF SE1/4 OF NE1/4 TH N331.52FT SELY435.47FT W282.50FT TO POB F/A/U 30-6934-000-0090 OR 22070-0904 0220
Real Estate Folio Number (Parcel Number):
30-69-34-000-0091
Zoning Description:
3050
Listing History
Originally published on:
March 23, 2026 11:14 pm
Active on the market since:
March 17, 2026
Price change occurred on:
April 3, 2026 10:41 pm
Listing Status Last Changed On:
March 23, 2026 11:14 pm
Photos updated on:
March 24, 2026 4:35 am
Last Modified:
April 4, 2026 2:44 am
Additional Information
Property Description:
Development site
Flood Zone:
AH, X
Municipal Code:
30
Subdivision Number:
0
Courtesy of:
Compass Florida, LLC
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
272 ST
City:
Miami
State:
Florida
Zip Code:
33032
County:
Miami-Dade
Latitude:
N25° 30' 52.2''
Longitude:
W81° 35' 53.2''
Street Direction Prefix:
SW
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $74,995
Median Home Value $374,700
Median Rent $1,626/mo
Median Age 33
Population 62,021

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 46 Good
☀️ O3 46 Good
🫁 PM2.5 42 Good

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Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.