1941 NW Flagler Ter - Commercial LAND FOR SALE


Miami, FL 33125- Little Havana5,001 SF
$550,000 USD
305-340-8901
1941 NW Flagler Ter, Miami, FL for Sale
$550,000 USD
Commercial LAND - FOR SALE
1/21
5,001 SF

1941 NW Flagler Ter
Miami, FL 33125
Little Havana


HIGHLIGHTS

  • Development site in one of the fastest growing submarkets in Miami
  • Centric location with surging rents

OVERVIEW

5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations. Site is beautifully laid out in a 50 x 100 sf site which allows for hyper-efficient design layout and cost to build, with frontages on two streets, allowing for ease of design of interior parking and circulations. This is an inflation proof investment for investors and in a highly desirable community that continues to bring great returns to savvy investors.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/ACRE

$4,791,600/AC

PRICE/SF

$110 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

0.11 AC

LAND SF

5,000 SF

OFFSITE IMPROVEMENTS

-

ZONING

T4-R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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