The offering includes two contiguous lots totaling approximately 34, 000 SF or 0.


Property

Website:https://www.nestseekers.com/5619674
Address:
Miami, FL 33142
Ownership: For Sale
Type: Land
Lot Size: 0.8 Acres

Financials

Price:$3,900,000
Annual Taxes:$34,774

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.

Amenities

  • Cable - Available
  • Electricity Available
  • Other
  • Phone Available
  • Sewer Available
  • Trash Removal
  • Water Available

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of RE/MAX 360 Real Estate