FOR SALE

1254 2nd St

Miami-Dade County, LAWRENCE ESTATES LAND COS, Miami, FL

Asking

$1,850,000

BTC

29.374

ETH

607.41

A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

LOADING

Location

Market Area
Miami-Dade County
Neighborhood
LAWRENCE ESTATES LAND COS

Agents

Mauricio Villasuso

+1 310 910 1722

Carlos Miranda

+1 310 910 1722

Contact Email

[email protected]