- Photos
- 1 of 7
Land For Sale • 0.16 AC
Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5,000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7,100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.
| Potential 60% total return on costs |
| Permit Ready for 8 folio #'s, 8 FP&L & 8 W/S meters. |
| 'OZ' - Opportunity Zoned Land Site perfect as you can come out of the ground in 60 to 90 days. |
| Permit ready to develop 8 townhome units w/ garages of 4-stories - just pay impact & permit fees |
| Rent as 8 - 3 story townhomes or 12 separate units for best yields with Section 8 |
| Easy access via the NW 69th Street exit from I-95 South Bound |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Dr. Martin Luther King Jr. Plaza (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 5 min | - | 2.6 mi |
| Allapattah (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 6 min | - | 2.7 mi |
| Airport | Drive | Walk | Distance |
| Miami International | 21 min | - | 9.9 mi |
| Fort Lauderdale/Hollywood International | 28 min | - | 19.1 mi |
Brian Carter, MBA, CCIM
Douglas Elliman
Brian Carter, MBA, CCIM
Douglas Elliman
