About N/A
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Features of N/A
| MLS® # | A12049108 |
|---|---|
| Price | $3,900,000 |
| Acres | 0.77 |
| Type | Land / Boat Docks |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | N/A |
|---|---|
| Subdivision | MELROSE HEIGHTS 4TH SEC |
| City | Miami |
| State | FL |
| Zip Code | 33142 |
| HOPA | No Hopa |
Amenities
| Utilities | Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Water Available, Trash Removal |
|---|---|
| Is Waterfront | No |
School Information
| Elementary | Melrose |
|---|---|
| Middle | Brownsville |
| High | Miami Northwestern |
Additional Information
| Zoning | 6100 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX 360 Real Estate |
|---|