For sale at $29,750,000 (Commercial Land, Income/MultiFamily)
- sq ft
We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd.\r\nwith T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play.\r\n4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95\r\nresidential units and 1 retail space, plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/-\r\n191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from\r\n$500 to $1,450/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club,\r\n10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.
You can contact us any way that is convenient for you. We would be happy to answer your questions.
This representation is based on sales and data
reported by multiple brokers/agents to the Miami MLS. Listings and sales may not be those of TransFlorida Realty LLC. The Miami MLS does not
guarantee the accuracy of this data, which may not reflect all the real estate activity in the area.