11,700 Sq. Ft. Prime Assemblage in West Little Havana: High-Revenue Covered Land Play with Significant Development Potential

11,700 Sq. Ft. assemblage in West Little Havana that consists of a great covered land play opporutunity currently generating over $60,000 in revenue. The property is situated on the nexus of Little Havana and Shenandoah, two urban core neighborhoods experiencing dramatic and sustained growth, and on the obvious and immediate path of development. With close proximity to Coral gables and Downtown, it’s an exceptional location. One property is a residential home, the other a duplex, both wood frame structures that have reached the limits of their functional life. The 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 9 units however city programs exist with mixed-income development that allows for double the density to 9.The housing demand is very high driving rents up, take advantage of this inflation proof investment. With cashflow to sustain the project until approved and ready to launch, this makes for a greatly valued asset.