Property Description

A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

Features
: Other
Address Map
FL
Miami-Dade County
Miami
33135
1254 SW 2nd St
E0° 0' 0''
N0° 0' 0''
MLS Addon
10
1
1
: Item1acre, Irregularlot
50x142
01-41-02-006-1990
LAWRENCE ESTATES LAND COS
$10,468
2023
: Cableavailable, Wateravailable, Electricityavailable, Naturalgasavailable
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Land For Sale

1254 SW 2nd St, Miami, Florida 33135

7,125 Sqft
$1,850,000
MLS # #A11527894
Basic Details
Property Type : Land
Listing Type : For Sale
Price : $1,850,000
Lot Area : 7,125 Sqft
MLS # : A11527894
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