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1234 NW 9th Ave 0.21 Acres of Residential Land Offered at $2,225,000 in Miami, FL 33136
EXECUTIVE SUMMARY
Prime development opportunity in Miami's urban core. This 9,000 sq ft lot features a two-structure 1920s triplex, currently generating $40k annually. The lot is Zoned
T6-8-L,permits up to 33 residential units by right. Located within a Transit-Oriented Development(TOD) zone, this property benefits from reduced or eliminated parking
requirements, significantly lowering construction costs and maximizing buildable space. Strategically situated near major employment centers like Jackson Memorial Hospital, the University of Miami, and the Miami-Dade County Courthouse, and within walking distance to multiple transit options, enhancing appeal for future residents. This
property offers a unique blend of immediate income and significant redevelopment potential in a rapidly evolving area of Miami.
T6-8-L,permits up to 33 residential units by right. Located within a Transit-Oriented Development(TOD) zone, this property benefits from reduced or eliminated parking
requirements, significantly lowering construction costs and maximizing buildable space. Strategically situated near major employment centers like Jackson Memorial Hospital, the University of Miami, and the Miami-Dade County Courthouse, and within walking distance to multiple transit options, enhancing appeal for future residents. This
property offers a unique blend of immediate income and significant redevelopment potential in a rapidly evolving area of Miami.
PROPERTY FACTS
| Price | $2,225,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | T6-8-L - Multifamily | ||
| Price | $2,225,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Commercial |
| Total Lot Size | 0.21 AC |
| Zoning | T6-8-L - Multifamily |
1 LOT AVAILABLE
Lot
| Price | $2,225,000 | Lot Size | 0.21 AC |
| Price Per AC | $10,768,977.60 |
| Price | $2,225,000 |
| Price Per AC | $10,768,977.60 |
| Lot Size | 0.21 AC |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 01-3135-019-2230 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $455,042 |
PROPERTY TAXES
Parcel Number
01-3135-019-2230
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$455,042
CONTACTS
-
Mauricio Villasuso -
Miguel Fuentes -
Christopher Carbonell -
Fausto Commercial Realty Consultants
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1234 NW 9th Ave
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