The offering includes two contiguous lots totaling approximately 34, 000 SF or 0.
| Website: | https://www.nestseekers.com/5619674 |
|---|---|
| Address: | Miami, FL 33142 |
| Ownership: | For Sale |
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| 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.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12049108
Amenities
- Cable - Available
- Electricity Available
- Other
- Phone Available
- Sewer Available
- Trash Removal
- Water Available
Deborah L. Ginsburg 150 Worth Ave, Palm Beach, FL 33480 Phone: +1 561-725-9229 | |
| Listing Courtesy of RE/MAX 360 Real Estate | |