Prime Mixed-Use Development Opportunity located directly on NE 79th St, just east of I-95 – a key gateway to Miami Beach and North Bay Village.
Includes a two-story mixed-use building with 4 residential units on the 2nd floor and 3 retail bays on the ground level with separate detached 3-unit property located in the rear.
-Zoning: T6-8-O
-Up to 54 buildable units
-Mixed-use zoning allows for retail on the ground level and up to 8 residential stories
-High-traffic location with an Annual Average Daily Traffic (AADT) of 27,400
This prime property is strategically positioned on a heavily transited corridor, offering exceptional potential for a mixed-use development project.
259 NE 79th St, Miami, FL, 33138
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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