Miami, FL 33142
$3,900,000
1 more
Presented By: This listing is courtesy of RE/MAX 360 Real Estate;
Home Details
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.
Presented By: This listing is courtesy of RE/MAX 360 Real Estate;
Interior Features for
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for
Additional Parcels Description01-31-28-013-3440
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami
CountyMiami-Dade
DirectionsThe submarket extends north from the City of Miami Gardens to the Allapattah neighborhood to the south, bordered by I-95 on the east. 34, 000 square feet.
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionMELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1
Lot Size Square Feet34000.0
Lot Size UnitsSquareFeet
MLS Area31
MobileHomeRemainsYNNo
New ConstructionNo
PossessionCloseOfEscrow
PostalCityMiami
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Showing InstructionsCall Listing Office
Standard StatusActive
StatusActive
Subdivision NameMELROSE HEIGHTS 4TH SEC
Tax Annual Amount34774.0
Tax Year2024
UtilitiesCableAvailable, ElectricityAvailable, Other, PhoneAvailable, SewerAvailable, TrashCollection, WaterAvailable
Virtual TourClick here
Zoning Description6100
Exterior for
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions13386x25267
Lot Size Acres0.77
Lot Size Area34000.0
Number of Lots2
Private PoolNo
Road ResponsibilityPublicMaintainedRoad
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Yerikza Arias
Realtor®
