1552 NW 15th Ave - Commercial LAND FOR SALE


Miami, FL 33125- Allapattah5,401 SF
$1,790,000 USD
305-582-2424
1552 NW 15th Ave, Miami, FL for Sale
$1,790,000 USD
Commercial LAND - FOR SALE
1/13
5,401 SF

1552 NW 15th Ave
Miami, FL 33125
Allapattah


HIGHLIGHTS

  • Site Plan - Warrant Approval for 45 Live Local Act 120% AMI units
  • 100% parking reduction being in a TOD & Live Local Act Development
  • 5 blocks to Publix, Shopping, Planet Fitness at Miami River Landings
  • 5-blocks to U-Health | Jackson Metro Mover Station
  • 4 station stops to Downtown & Brightline Station
  • Massive redevelopment in Hospital District including the new Allapattah CRA

OVERVIEW

Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. “Site Plan/Warrant Approval” for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $40,000/door land cost where larger dev sites have sold for over $100,000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/ACRE

$14,435,484/AC

PRICE/SF

$331 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

45 Unit Warrant approved Live Local Dev Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.12 AC

LAND SF

5,401 SF

OFFSITE IMPROVEMENTS

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

ZONING

T6-8-R

APN/PARCEL ID

01-3135-010-0250

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.