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Prime 15,000 Sq. Ft. Multi-Family Development Opportunity in East Little Havana with Double Density Potential

745, Southwest 3rd Street, Miami, Miami-Dade County, Florida, 33130, United States
  • Land development, Multi-family
  • Property Type
  • 15,000
  • Lot ft²
For Sale
Prime 15,000 Sq. Ft. Multi-Family Development Opportunity in East Little Havana with Double Density Potential
745, Southwest 3rd Street, Miami, Miami-Dade County, Florida, 33130, United States

Details

Updated on September 8, 2024 at 5:08 pm
  • Price: $1,500,000
  • Land Area: 15,000 ft²
  • Property Type: Land development, Multi-family
  • Property Status: For Sale

Description

15,000 Sq. Ft. Multi-Family land within East Little Havana. There is immense potential, either a market rate project of 12 units at any unit configuration or City of Miami double density workforce program which allows for development of 24 apartments; 3 units 30% AMI, 2 units at 50% AMI, and 19 units at 100% AMI (average median income). The location offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area.

Fronting a park, and one block from the A-rated school Ada Merritt K-8 Center makes this idyllic location which will capture the interests of residents for years to come. 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. Phase provides have reviewed and approved for 24: 2 bedroom 1 bath building, concept with 1 parking space per dwelling and flexibility for amenities available. Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.

Property Documents

Copy of FLYERS - FAUSTOCOMMERCIAL (dragged)
  • Address 745, Southwest 3rd Street, Miami, Miami-Dade County, Florida, 33130, United States
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33130

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