Price Reduced 90.00%
Price History
$5,500,000
9/1/2024
$550,000
10/17/2024
1941 NW Flagler Ter, Miami, FL, 33135
5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. 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. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.
Status:
Active
Type:
Lot / Acreage
Zoning:
T4-R
Subdivision:
EVANSTON HEIGHTS
Acreage:
0.11
Est. Taxes:
$4,094
Utilities
Cable Available,Electricity Available,Natural Gas Available,Other
Lot Description:
<1 Acre
Days on Market:
46
MLS #:
A11652701
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Fausto Commercial Realty Consultants Inc Phone: 305-431-2258