0.77 acres | #A11833062
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.
Property Details
- Utility FeaturesCable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Availabl
- Lot DescriptionCity Location, 1-2.5 Acres
- SubdivisionMELROSE HEIGHTS 4TH SEC
- CountyMiami-Dade County
- Utility SourceMunicipal Water
- Property SubtypeCommercial Land
- MLS #A11833062
- MLS #A11833062
- Property TypePurchase
- Cost3900000
- Sewer InformationOther
- Acres0.77
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Agustin Duarte (#3284824)
Listing Office: RE/MAX 360 Real Estate (#RXRE01)
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