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- LoopNet Team
12801 SW 248th St
Princeton, FL 33032
PRINCETON 248 - 190 UNITS FULLY ENTITLED · Land For Sale
·
5.60 AC
INVESTMENT HIGHLIGHTS
- LOCATED IN THE PATH OF GROWTH
- APARTMENT RENTS IN THE MEAT OF THE MARKET
- DESIRABLE MULTIFAMILY PRODUCT
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 5.60 AC |
| Zoning | 3050 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 5.60 AC |
| Zoning | 3050 |
DESCRIPTION
ABILITY TO BUILD PHASE I IMMEDIATELY • Project can be built in two phases. Phase I is ready to break ground. Approvals are fully in place along with construction drawings. • Phase II can be fast tracked for completion or delayed until Phase I is stabilized. BUS RAPID-TRANSIT (BRT) SYSTEM WILL BE A GAME CHANGER FOR AREA • As Miami-Dade’s population expands the Homestead/South Dade submarket will become increasingly popular for renters who seek affordable rentals. The approval of the Bus Rapid Transit System will link South Dade to Dadeland South Metrorail station and will allow for convenient connectivity and travel to the key employment areas of Miami-Dade. Princeton 248 will benefit by offering newly constructed affordable units that will be a short-walk/bike ride from the BRT bus station which will allow quicker commutes during rush hour.
PROPERTY TAXES
| Parcel Number | 30-6923-000-1110 | Improvements Assessment | $0 |
| Land Assessment | $625,730 | Total Assessment | $625,730 |
PROPERTY TAXES
