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1198 NW 61st St 0.21 Acres of Commercial Land Offered at $337,000 in Miami, FL 33127
Investment Highlights
- Convenient connectivity to Wynwood, Midtown, and Downtown Miami.
- Located within a designated Opportunity Zone with available tax incentives.
Executive Summary
The property is being sold in shell condition. Sale of the property will entail, inheriting it with all the violations which the buyer will need to mitigate.
The property has the 40 year recertification plans ready to go as well as an engineering report. Also the commercial dumpster violation has a permit that’s ready to go as well.
The property will be conveyed via a special warranty deed.
Cash sale, NO contingencies, preferably close within 15-30 days.
These are the terms that the owner is requiring to accept any offers.
The seller is requesting a cash-only transaction and is prepared to move immediately, creating a compelling opportunity for buyers seeking speed, simplicity, and pricing leverage.
Property Facts
| Price | $337,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| Sale Condition | Building in Shell Condition | Total Lot Size | 0.21 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | 39 multi - multifamily resi | ||
| Price | $337,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Building in Shell Condition |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
| Zoning | 39 multi - multifamily resi |
1 Lot Available
Lot
| Price | $337,000 | Lot Size | 0.21 AC |
| Price Per AC | $1,605,044.70 |
| Price | $337,000 |
| Price Per AC | $1,605,044.70 |
| Lot Size | 0.21 AC |
The property is being sold in shell condition, presenting a value-add or redevelopment opportunity for investors or owner-users. Positioned near major transit routes with convenient access to Wynwood, Midtown, and Downtown Miami.
Description
Situated in the growing Liberty City area, this 0.21-acre parcel offers a strong redevelopment or investment opportunity in a rapidly improving Miami corridor. The property, located within the Rev Plat of Northwood subdivision, is positioned for versatile uses, including multifamily development, supported by its current zoning and proximity to major urban destinations. The site provides convenient access to Wynwood, Midtown, and Downtown Miami, making it well-connected to business and cultural hubs, as well as major thoroughfares for seamless transportation throughout the region. Buyers can capitalize on locational advantages tied to Miami’s sustained population growth and thriving economy, which continue to drive demand for residential and mixed-use projects. Offered in shell condition, the property comes with a 40-year recertification plan and engineering report already in hand, expediting future improvements. Motivated ownership is pursuing a cash sale under flexible closing terms, creating a compelling option for developers or long-term investors focused on high-demand neighborhoods in transition.
Property Taxes
| Parcel Number | 01-3114-025-0123 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $423,824 |
Property Taxes
Contact the Sale Advisor
1198 NW 61st St