Development site in Allapattah rapidly developing neighborhood
$3,600,000
For sale
9087
Property ID
Description
Civic Center/Allapattah corner development site in rapidly developing neighborhood. 21,450 sf lot with T-6-8-O zoning, which permits for up to 8 stories, 73 units by right & 147 w/benefits program or hotel/lodging use, retail office & hotel uses allowed, and more. Income in place, current tenants pay $10,000 gross rents per month and are on a month to month basis. Multiple projects in close proximity being built by well known local developers such as Neology, CFH Group, 1111, and more. The site is ideal for res development as it is walking distance from Miami’s largest employment engine, the Civic Center Hospitals Complex; and also benefits from affordability zoning benefits such as deferred impact fees, reduced parking, easy access to downtown and local highways.
HIGHLIGHTS
- Lot Features: City Location, Corner Location, Urban Area
- Development, Less Than 1 Acre
- Buyer Agency Compensation: 2.5%
- Showing Instructions: Call Listing Agent,Call Listing Office
Address
Address:
1690 NW 19th Ter, Miami, FL
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 9087
- Price $3,600,000
- Property Type Development opportunities, Hotel
- Property status For sale
Contact
