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285 NE 55th St - Develop 5 units | Design District/Magic City 0.08 Acres of Residential Land Offered at $599,000 in Miami, FL 33137
Investment Highlights
- Conceptual draft plans for 5 massive residential 2-story residences with roof tops
- 50 front feet for development | Zoned T5-L
- In path of progress between Magic City, Wynwood & MIMO District
- Hot area of interest for developers at the entrance to the Design District.
Executive Summary
Developers and builders seeking boutique development in Miami, FL, this vacant land site allows up to 5 units. Drawings/preliminary sketches for 5 – 2-story units in a 6 story building w/ dedicated roof top entertainment areas. Build over 14,000 SF on a 4,300 SF lot for expansive units with 9’ ceilings. Development is down the street from Church Hill’s between Buena Vista, Design District, Wynwood, Magic City, Little River & Miami’s Upper East Side. Great opportunity for builders, investors, and developers. Preliminary building sketches available upon e-mail request.
Units are 2-stories each with dedicated roof top terrace entertainments spaces designated to each unit. Units A, B, C & D are 3 beds & 3 baths of 1,660 SF. The PH Unit E is 3 beds & 3 baths plus 2 – ½ baths, game room & bonus/office room structured with lots of living space of 18’.
Units are 2-stories each with dedicated roof top terrace entertainments spaces designated to each unit. Units A, B, C & D are 3 beds & 3 baths of 1,660 SF. The PH Unit E is 3 beds & 3 baths plus 2 – ½ baths, game room & bonus/office room structured with lots of living space of 18’.
Property Facts
| Price | $599,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.08 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | T5-L - T5-L Email to request draft conceptual plans. No plans submitted | ||
| Price | $599,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.08 AC |
| Opportunity Zone |
Yes |
| Zoning | T5-L - T5-L Email to request draft conceptual plans. No plans submitted |
1 Lot Available
Lot 1
| Price | $599,000 | Lot Size | 0.08 AC |
| Price Per AC | $7,669,654.29 |
| Price | $599,000 |
| Price Per AC | $7,669,654.29 |
| Lot Size | 0.08 AC |
Developers and builders seeking boutique development in Miami, FL, this vacant land site allows up to 5 units. Build over 14,000 SF on a 4,300 SF lot for expansive units with 9’ ceilings.
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-3218-027-0080 | Improvements Assessment | $0 |
| Land Assessment | $204,000 | Total Assessment | $204,000 |
Property Taxes
Parcel Number
01-3218-027-0080
Land Assessment
$204,000
Improvements Assessment
$0
Total Assessment
$204,000
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285 NE 55th St - Develop 5 units | Design District/Magic City
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