Unique Calle Ocho Covered Land Play.


Property

Website:https://www.nestseekers.com/2842918
Address:
1923 SW 8th St
Miami, FL 33135
Ownership: For Sale
Type: Land
Pets: Pets Allowed

Financials

Price: $12,000,000
Annual Taxes: $31,948

Description

Unique Calle Ocho Covered Land Play. Retail complex producing $414,000 in income with excess land still to be rented, on 34,227sf of T68O land. Land by right allows for 117 units, or 234 units if taping into affordable density bonuses or going for hospitality uses, mixed with retail, office, and more. This prime development site fronts the new 320 unit luxury In-Town , across from 244 unit Altis Little Havana, and other upcoming developments. but with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents. Little Havana is centric to all major employments centers of Miami, with great transit connectivity.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Courtesy of Fausto Commercial Realty Consultants Inc