850 SW 2nd St - Residential LAND FOR SALE


Miami, FL 33130 4,452 SF
$780,000 USD
305-340-8901
850 SW 2nd St, Miami, FL for Sale
$780,000 USD
Residential LAND - FOR SALE
1/4
4,452 SF

850 SW 2nd St
Miami, FL 33130


HIGHLIGHTS

  • Eligible for City of Miami workforce program to double the density to 12 units
  • East Little Havana location, hot submarket with new developments and growing very quickly

OVERVIEW

7,500 Sq. Ft. Multi-Family land within East Little Havana. There is immense potential, either a market rate project of 6 units at any unit configuration or City of Miami double density workforce program which allows for development of 12 apartments; 2 units at 30% AMI, 1 unit at 50% AMI, and 9 units at 100% AMI (average median income). The location offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Riverside park is nearby, and one block from the A-rated school Ada Merritt K-8 Center makes this idyllic location which will capture the interests of residents for years to come. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed- use infill development like this. Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/ACRE

$7,635,236/AC

PRICE/SF

$175 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Planned Unit Development

LAND ACRES

0.1 AC

LAND SF

4,450 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

T4 R

APN/PARCEL ID

01-4138-003-4120

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.