Offering a prime T-6-8-O zoned 5,000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by Q1 '25. Major benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4,540/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.
MLS# | A11706061 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Days On Site | 37 |
Listing Provided By | LoKation | Alexandru Celea |
Zoning | 6100 |
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Acreage | 0.11 |
State | FL |
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County | Miami Dade |
City | Miami |
Zip Code | 33128 |
Area | 41 |
Community Name | LAWRENCE ESTATE LAND CO S |
Listing VS Median (in LAWRENCE ESTATE LAND CO S) | |
Price: $1,095,000 low | high Med: $0 On Site: 37 low | high Med: |