Urban Infill: Build townhomes, homes or apts

2.94 Acres of Commercial Land Offered at $4,000,000 USD in Miami, FL 33150

Asking Price $4,000,000

Property Type: Land

Listing Contacts

Brian Carter, MBA, CCIM

Verified Profile

Property Info

Property Overview

Urban Infill Development Site of 2.94 acres +/- with natural spring-fed pond & water feature adding value for potential development. In an Opportunity Zone. Replat this 128,100 SF +/-, T3-L zoned single-folio lot into multiple plots for single family homes or 2-story townhome development; or go for a potential upzoning to add additional density. Survey attached. See also the attachments for “conceptual” replats & lot configurations for inspiration. Located between Magic City & Little River just west of the MIMO District near Miami’s Upper East Side, Miami Shores, Shorecrest, Belle Meade & more. In the path of progress, minutes to the Design District, Mid-Town Miami, Wynwood & Edgewater. To review concepts & additional details, Text or Email to schedule a call. (Also for lease for $25,000/month Net to include the 2-story home).

Property Details

Property Subtype: Commercial

Highlights

2.94 acres for redevelopment in an Opportunity Zone.
Build up to 26 units by-right. Develop Homes, Townhomes or Apartments
Replat or Up zone from current T3-L for maximum density - Survey Attached.
Potential density increase by-right under SB-102 Live Local Workforce housing development
Natural Spring-fed pond from Little River system offers potential waterfront value
Lease at $25,000/month Net including the 2-story home on site.

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