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Description
Opportunity with Existing Cash Flow of $144K- generate solid income while development plans are approved. This site offers great visibility and exposure on major developing corridor nw 54 st an important east-west corridor. Property consist of two folios, 2930 SF building on 19000 SF mixed use T5O zoned lot. Zoning allows to build by right (65du/acre) which will allow to build 28 units with commercial on the ground floor located in Miami. Currently the site houses three fully remodeled residential units- 3BED/2BD, 2 BED/2 BATH; 1BED/1 BATH and an automotive dealership with multi bays. The neighborhood is a growing quickly rapidly in importance and is directly in the path of development and transformation, as all neighborhoods immediately to its east such as Little Haiti, Design district.
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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 9th June, 2023 1:10 AM (UTC)
Listing Office: Fausto Commercial Realty Consultants Inc
