The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Status:
Active
Type:
Lot / Acreage
Zoning:
6100
Subdivision:
MELROSE HEIGHTS 4TH SEC
Lot Size:
34000
Acreage:
0.77
Est. Taxes:
$34,774
Utilities
Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Water Available, Trash Removal
Elementary School:
Melrose
Middle School:
Brownsville
High School:
Miami Northwestern
MLS #:
A12049108
Community Info
School Info
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