Property
| Ownership: | For Sale |
|---|---|
| Type: | Land |
| Lot Size: | 0.8 Acres |
Financials
Price:$3,900,000
Annual Taxes:$34,774
Listing Courtesy of RE/MAX 360 Real Estate
The offering includes two contiguous lots totaling approximately 34, 000 SF or 0.
Description
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12049108
Amenities
- Cable - Available
- Electricity Available
- Other
- Phone Available
- Sewer Available
- Trash Removal
- Water Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
