1189 NW 26th St - Commercial LAND FOR SALE


Miami, FL 33127- Allapattah4,988 SF
$1,990,000 USD
305-582-2424
1189 NW 26th St, Miami, FL for Sale
$1,990,000 USD
Commercial LAND - FOR SALE
1/11
4,988 SF

1189 NW 26th St
Miami, FL 33127
Allapattah


HIGHLIGHTS

  • Plans submitted for 43 units (42 rentals & 1 commercial unit)
  • Permit ready prior to closing.
  • Proform $1.1 mm + in rents when delivered and stabilized as leased up
  • Near 2 metro stations 4-5 blocks north and south of site for TOD status
  • Between Wynwood, Design District, Midtown Miami, Edgewater & the Hospital District
  • Only $44,000/door land cost

OVERVIEW

Permit Ready by March 30th. Develop 43 units in a proposed 8-story apartment building West of Wynwood & blocks to the UM Hospital District in Miami, FL. Near permit ready. Permit ready before closing. Develop by-right via the ‘Live Local Act’, 42 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $44,000/door land cost.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/ACRE

$17,375,056/AC

PRICE/SF

$399 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Develop 43 Unit West of Wynwood - Near Permit

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.11 AC

LAND SF

4,989 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk

ZONING

T4-L Live Local

APN/PARCEL ID

01-3126-051-0745

ASK ABOUT THIS PROPERTY

Brian Carter, MBA, CCIMDouglas EllimanMore Info
305-582-2424

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Brian Carter, MBA, CCIMDouglas EllimanMore Info
305-582-2424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.