Offering a prime T-6-8-O zoned 5,000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by Q1 '25. Major benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4,540/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.
Great development opportunity in Little Havana. This lot has an area of 5.000 SF and is zoned T-4. Developer can build up to 4 open market units or 8 workforce housing units. Lot is flat and clear Contact listing agent if you should have any questions.
Seller does not have an abstract nor title commitment. Those items shall be sole responsibility of the buyer. Seller shall not be required to consider any offer which is not presented with a verified 15% deposit with offer. Seller states that the Miami Dade County Assessor Folio number is associated with the property,However seller shall not be held responsible for legal description created by Miami-Dade County Assessor. Unless a potential buyer exercises the right to terminate granted within the contract,Then potential buyer accepts the physical condition of the property and any violation/s of governmental,building,enviromentla,zoning and safety codes, restrictions, or requirements all of which are therefore acceptable to potential buyer.
The median home value in Miami, FL is $524,600. This is higher than the county median home value of $463,600. The national median home value is $338,100. The average price of homes sold in Miami, FL is $524,600. Approximately 25.83% of Miami homes are owned, compared to 60.2% rented, while 13.97% are vacant. Miami real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Miami real estate agent to arrange a tour today!
Miami, Florida 33128 has a population of 440,807. Miami 33128 is less family-centric than the surrounding county with 25.08% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Miami, Florida 33128 is $47,860. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Miami 33128 is 39.9 years.
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 60.6 degrees. The average rainfall is approximately 59.3 inches per year, with 0 inches of snow per year.