1235 SW 2 ST

1235 SW 2ND ST MIAMI, FL 33312

PRICE

$ 1,350,000

Description

An exceptional covered land play on 7,500 sf site with T6-12-O mixed-use high density zoning with 5 income producing apartment units. Consisting of a large 4 bedroom 2 bath, 3: 1 bed 1 bath units, and 1 Studio*, it delivers a diversified unit mix and works as a strong covered land play for developers working towards entitlements and approval of plans. It is eligible for affordable housing density bonuses; and allows for a multitude of mixed uses including retail, residential, hospitality, office and more. But, with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents. This market is suffering a crisis of affordable housing, and with virtually 0% vacancy, these units will rent fast when built and rents will keep growing over time. The site benefits from great proximity to Miami’s biggest employment generator, the Health and Civic Center, and excellent access to lifestyle amenities. Miami is suffering a crisis of middle and working class housing, and Little Havana is uniquely posed to provide an answer for that need. Little Havana is centric to all the major employment centers of our city, has the city’s best public transit connectivity, is increasingly serviced by great new local restaurants.

Details

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7,500
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Gallery

BROKERS

Mauricio Villasuso

mv@faustocommercial.com

305.340.8901