Developers seeking a boutique development site, welcomed to “Chateau Maison De Ville” a nearly permit approved 8 unit, 4-story townhome development with 12 parking spaces (garages). Located in an Opportunity Zone & the path of development just off I-95 & NW 69th Street and just north of NW 62nd Street accessible from Magic City Developments at 6535 NW 6th Ave, Miami, FL. Within a short distance one may be in Wynwood, the Design District, Magic City, Little River, Miami Shores Downtown or the MIMO District for shopping, dining, entertainment, or business. Post gaining the certificate of occupancy (“CO”), potential to use development as 12-unit rental building. Enticing covered land play updated home leased for income while you hold for development.
7,100 sq ft lot, zoned T5-R, allows for the development of up to 10 townhomes or 20 affordable housing units in up to 5 stories, but nearly permit approved for 8 townhomes. Located in a designated Opportunity Zone, offering potential tax benefits for investors. The land is clear with no trees to remove, streamlining development. The property has utilities available, is near major roads and public transit, and sits close to Miami’s top hotspots. An updated home on-site currently generates $32,500 in annual rental income, providing cash flow during permitting. Tenant is MTM. Being sold as a prime development opportunity—buyers should conduct their own due diligence regarding permitting and approvals. Please do not contact or disturb the tenants.