7900 NW 21st Ave
Miami, FL 33155

As the exclusive listing broker, Colliers is pleased to offer the chance to acquire Fraca Residences, a 9,450 SF (0.21 acres) fully approved boutique development site located at 7900 NW 21st Avenue, Miami, FL. Ideally situated on the 79th Street corridor near the Northside Metrorail Station and Northside Center Mall, this location offers easy access to public transportation and a variety of shopping options. The site is also conveniently close to three grocery centers and major highways.

The seller has secured final site plan approval for a five-story, 26-unit apartment project, which includes two retail spaces. This project is advantaged by a 25 percent workforce housing density bonus and a 100 percent parking reduction. Additionally, four of the units are designated as Workforce Housing Units (WHUs). The new owner will be able to finalize construction drawings and start building in an expedited manner.