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- LoopNet Team
1660-1690 NW 19th Ter
Miami, FL 33125
19 Allapattah District · Land For Sale
·
0.49 AC
INVESTMENT HIGHLIGHTS
- 21,450 sf lot with T-6-8-O zoning
- Civic Center/Allapattah corner development site
- 73 units by right & 147 w/benefits program or hotel/lodging use
- Over $10,000 Income in place
PROPERTY FACTS
DESCRIPTION
Civic Center/Allapattah corner development site in rapidly developing neighborhood. 21,450 sf lot with T-6-8-O zoning, which permits for up to 8 stories, 73 units by right & 147 w/benefits program or hotel/lodging use, retail office & hotel uses allowed, and more. Income in place, current tenants pay $10,000 gross rents per month and are on a month to month basis. Multiple projects in close proximity being built by well known local developers such as Neology, CFH Group, 1111, and more. The site is ideal for res development as it is walking distance from Miami's largest employment engine, the Civic Center Hospitals Complex; and also benefits from affordability zoning benefits such as deferred impact fees, reduced parking, easy access to downtown and local highways.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $517,344 | |
| Land Assessment | $2,002,000 | Total Assessment | $2,519,344 |
PROPERTY TAXES
