$550,000
1941 NW Flagler Ter Miami, FL 33135
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$550,000
Est. payment /mo
4,791 Sqft Lot
Price Dropped by $5.0M
1941 NW Flagler Ter Miami, FL 33135
UPDATED:
11/11/2024 02:34 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Evanston Heights
MLS Listing ID A11652701
HOA Y/N No
Annual Tax Amount $4,094
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x100
Property Description
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.
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.
Location
State FL
County Miami-dade
Community Evanston Heights
Area 41
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Other
Building
Lot Description <1 Acre
Sewer Public Sewer, Other
Water Public
Others
Tax ID 01-41-03-013-0280
Listed by Fausto Commercial Realty Consultants Inc
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