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Code: | 7856G22 | |||
City: | Miami | |||
Retail Type: | ||||
Price: | $ 2,250,000 | |||
Cap. Rate: | ||||
Tenancy: | ||||
Retail Sq.Ft.: | 0 | |||
Lot. Area Sq. Ft.: | 7,441 | |||
Parking: | ||||
Year: | ||||
We are proud to present a new covered land opportunity in the high-demand Edgewater market just off NE 2nd Avenue. Located within a Qualified Opportunity Zone and zoned T6-8-O, this property has a variety of allowable uses including Retail, Office, Hotel and Multi-Family. With the acquisition of just this lot, the by-right allowable density is 25 units and up to 8 stories before bonuses. There may also be the opportunity to assemble additional land to grow the footprint for a potential project. There is an existing multi-family building on the site which contains 4 units with short-term tenants and the NOI from the in-place income can be used to cover the costs of holding the asset for a longer term play. | ||||
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LIST YOUR PROPERTY - Property Management Service |
Short and Long Term Rental Management |