Prime multifamily development lot located at 94 NE 56th St in the heart of Little Haiti, just minutes from the Design District, Midtown, Wynwood, and Miami Beach. Vacant 2,750 SF lot zoned T4-R under Miami 21, allowing up to 2 residential units by right with a maximum height of 40 feet (3 stories).
This site offers flexible development options including a modern duplex, live/work configuration, or small multifamily project. Zoning also permits up to 1,138 SF of office space, providing additional upside for mixed-use concepts. No variances required.
Ideal opportunity for builders, developers, or investors seeking a by-right duplex site in one of Miami’s fastest-growing neighborhoods. Strong rental demand with excellent long-term appreciation potential.
94 NE 56th St, Miami, FL, 33137
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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