Price Reduced 90.00%


Price History

$5,500,000
9/1/2024

$550,000
10/17/2024


1941 NW Flagler Ter, Miami, FL, 33135

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



Listing courtesy of Fausto Commercial Realty Consultants Inc Phone: 305-431-2258