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$3,600,000
Est. payment /mo
0.72 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Frances Pk
MLS Listing ID A11740385
HOA Y/N No
Annual Tax Amount $5,431
Tax Year 2024
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Residential
Property Description
Prime Approved Development Opportunity – Mixed-Use Site
Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs.
The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square's major redevelopment.
Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!
Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs.
The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square's major redevelopment.
Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!
Location
State FL
County Miami-dade
Community Frances Pk
Area 31
Exterior
Street Surface Paved
Private Pool Yes
Building
Lot Description <1 Acre
Faces North
Sewer Public Sewer
Water Public
Others
Tax ID 30-31-15-032-0050
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11740385
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Listed by Coldwell Banker Realty