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7426 NW 2nd Ave - Multifamily Land Upper East Side 0.56 Acres of Residential Land Offered at $4,699,999 in Miami, FL 33150

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Executive Summary

Miami Prime location across the street from the Cathedral of St. Mary. The properties are all zoned T6 12- Mixed Use-Commerical / Residential. A minimum building height of 2 stories and maximum of 12 stories. This parcel includes a total of 3 parcels to be sold together for a total lot size of 245.25 x 100. Great opportunity for development. Contact Scott Ofstein for more information.

Property Facts

Price	$4,699,999	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Multifamily
Sale Conditions	Ground Lease (Leased Fee) Bulk/Portfolio Sale	Total Lot Size	0.56 AC
No. Lots	1	No. Stories	1
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T6 12 - TOD Node 2 which has bumped the zoning to T6 12- Mixed Use. A minimum building height of 2 stories and maximum of 12.

Price	$4,699,999
Sale Type	Investment
Sale Conditions	Ground Lease (Leased Fee) Bulk/Portfolio Sale
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Multifamily
Total Lot Size	0.56 AC
No. Stories	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T6 12 - TOD Node 2 which has bumped the zoning to T6 12- Mixed Use. A minimum building height of 2 stories and maximum of 12.

1 Lot Available

Lot

Price	$4,699,999	Lot Size	0.56 AC
Price Per AC	$8,347,895.97

Price	$4,699,999
Price Per AC	$8,347,895.97
Lot Size	0.56 AC

Currently Zoned as part of the TOD Node 2 bumping it to a T6 12 Zoning. Mixed Use. Total 24,525 sq ft 245.25 x 100 unified Total lot size. Broken down as follows: Corner lot is: 114 x 100 Vacant lot is: 78.75 x 100 House lot is: 52.5 x 100

Description

Strategically positioned just north of Downtown Miami, this site offers a premier opportunity for a twelve-story Mixed Use-Commerical / Multi-Family development. Located within one of the city’s most dynamic emerging submarkets, the area is experiencing significant rezoning and a surge in institutional capital, signaling a high-growth trajectory for savvy investors.

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