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- LoopNet Team
1037 NW 2nd St
Miami, FL 33128
Land For Sale
·
0.16 AC
INVESTMENT HIGHLIGHTS
- Plans nearly approved
- Plans include exemption for all parking requirements, WASA agreements
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 0.16 AC |
| Zoning | T4-R | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.16 AC |
| Zoning | T4-R |
DESCRIPTION
7,000 Sq. Ft. site with plans for 10 units within East Little Havana. 8 units are designated workforce housing, 1 for affordable housing and 1 for low income housing. The unit mix consists of six 2 bedroom 1 bath units, and four studios. WASD and Miami Dade County are good with using existing water and sewer in the street which is another reduced expense for potential developers. The plans were qualified under prior parking exemption rules thus giving any future developer flexibility to build at a significantly reduced cost 2 stories, which can pass through to tenants at lower rents and provide higher returns being a more affordable, high design, new construction product in the neighborhood. The surrounding area has seen a huge revitalization with several construction projects to the East completed, and more renovations to come on this street. This is a COVID-19/inflation proof investment in Miami’s most iconic neighborhood - Little Havana. Invest in the future now.
PROPERTY TAXES
| Parcel Number | 01-4102-005-1650 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $501,189 |
PROPERTY TAXES
